"Bulgaria Infrastructure Report Q4 2014" Published

From: Fast Market Research, Inc.
Published: Thu Oct 23 2014


We maintain our construction industry forecast for Bulgaria at 1.3% real growth in 2014, a return to positive growth after five consecutive years of contraction. S igns of improvement in Bulgaria's construction sector have been confirmed by official Q114 data , which reported low , but positive growth. W e believe the worst is over for the industry and we expect transport and energy infrastructure projects to drive the recovery .

Key Trends And Developments

* Infrastructure projects in Bulgaria continue to face strong headwinds due to the lack of investor confidence and endemic corruption. We forecast low, but positive growth to return to the construction industry in 2014 with 1.3% real growth, after five years of recession.
* Elevated unemployment reinforces our view that Bulgaria's economy continues to face major challenges in the form of low business and consumer confidence. Although we expect the unemployment rate to decline in line with faster growth in 2014, we caution that a continued spike in the number of unemployed will hinder growth in the residential sector.
* Bulgaria remains highly dependent on EU funding for infrastructure projects, particularly in the transport sector. As such, slow EU recovery will limit the speed of Bulgaria's transport infrastructure growth.
* Growth in Bulgaria's energy and utilities sector has been subdued due to increased fiscal constraints and a lack of consistent foreign competition and skills. The sector faces a slow path to recovery, but we believe the worst is over.
* In the gas sector, Bulgaria is involved in Russia's South Stream pipeline. However, following the crisis in Ukraine and EU sanctions on Russia, construction of South Stream has been halted until it complies with European law, as stated by Bulgarian Prime Minister Plamen Oresharski in June 2014.

Full Report Details at
- http://www.fastmr.com/prod/887993_bulgaria_infrastructure_report_q4_2014.aspx?afid=302

The Bulgaria Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Bulgaria Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Bulgarian infrastructure and construction industry.

Key Benefits

* Benchmark BMI's independent infrastructure industry forecasts for Bulgaria to test other views - a key input for successful budgetary and planning in the Bulgarian infrastructure market.

About Fast Market Research

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For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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