"Bulgaria Retail Report Q1 2015" Published

From: Fast Market Research, Inc.
Published: Fri Jan 23 2015

Stagnant consumer and business confidence, slowing investment and fiscal problems will hinder both the Bulgarian economy and its retail sector. The economy of the EU's poorest member will face a harsh year in 2015, as will its retail sector , and they will only start rebounding afterwards. Despite that, household income will grow and the retail sector will be come increasingly diversif ied .

As a result of the economic slowdown in the euro zone, Bulgaria's economy will undergo a harsh year in 2015. Overall macroeconomic climate is affecting consumer and business confidence, as well as investment in the country. BMI forecasts that the country's GDP will rise by only 1.9% in 2015 as a result of rising pessimism. The retail sector will also experience a slowdown, as we expect total household spending to fall by 6.1% in US dollar terms in the same year. The government, meanwhile, struggles to balance its finances and passed the 2015 budget bill with 3% deficit and remains in need of credit - it has recently borrowed EUR1.5bn to bridge the gap in its budget. Despite the currently gloomy economic environment we forecast that increasing level of integration in the European market and rising household income will help the Bulgarian economy and the retail sector to recover starting from 2017.

Full Report Details at
- http://www.fastmr.com/prod/944677_bulgaria_retail_report_q1_2015.aspx?afid=302

The Bulgarian retail sector has already proven that it has the ability to benefit from EU membership. It has already demonstrated a high level of competitiveness and foreign retail chains have willingly entered the country. In the first five years of EU membership, starting from 2007, modern retail grew from 42% to 55% of the overall retail sector. It continues to grow and provide competition to the privately-owned small corner shops which still dominate in rural areas. In the cities, meanwhile, the mass grocery retail market is divided between ten foreign and domestic retail chains. Almost none has more than 100 stores in the country, with the total number of...

The Bulgaria Retail Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for the retail sector. The report examines key drivers of retail sales growth and future prospects, including consumer spending and private sector investment.

BMI's Bulgaria Retail Report also examines the level of development and potential for growth of the retail sector, the commercial initiatives of major players, changing consumer demographics that influence demand and the regulatory environment. Key sub-sectors include mass grocery retail, autos, over-the-counter pharmaceuticals, computers and consumer electronics.

Key Benefits

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

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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