The Future of Construction in Bulgaria to 2015: EU Funds and FDI Fuel Growth
Bulgaria recorded an average annual growth rate of 6% during 2004â€“2008 following economic reforms since the 1990s, which saw the country, begin its transition from a socialist to a capitalist economy.
The global economic crisis, which originated in the US in 2008, led to a contraction of 4.9% in the countryâ€™s GDP in 2009. However, the exports market recovered marginally in 2010 with GDP recording a growth of 0.2%.
In 2007, Bulgaria joined the European Union (EU), which is expected to stimulate further industry growth and activity due to an influx of funds from the European Commission, alongside investments from Western European companies owing to the growth potential of the countryâ€™s various construction markets.
Infrastructure construction was the largest market in 2010, representing a share of 36.9%. Moreover the market was the fastest growing over the review period, with a CAGR of 18.84%. This was followed by institutional construction with a CAGR of 15.10%.
This report is the result of ICDâ€™s extensive market and company research covering the Bulgarian construction industry. It provides detailed analysis of both historic and forecast construction industry values at market and category level, analysis of the leading companies in the industry, and key news.
â€œThe Future of Construction in Bulgaria to 2015: EU Funds and FDI Fuel Growthâ€ provides a top-level overview and detailed market, category and company-specific insights into the operating environment for construction contractors. It is an essential tool for companies active across the Bulgarian construction value chain and for new competitors considering entering the industry.
This report will allow the user to:
â€¢ Identify key growth and investment opportunities within the Bulgarian construction industry
â€¢ Make informed business decisions based on strong historic and forecast data
â€¢ Key growth and investment opportunities within the Bulgarian construction industry
â€¢ Major companies operating within the Bulgarian construction industry using the reportâ€™s detailed business descriptions, SWOT analysis, news and key personnel information
â€¢ Foreign direct investment in Bulgarian industry
â€¢ Government infrastructure plans
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