Construction in Bulgaria – Key Trends and Opportunities to 2018

Date: 2015-09

The Bulgarian construction industry recorded a compound annual growth rate (CAGR) of 9.41% during the review period (2009−2013). The industry contracted during the review period, as a result of a -25.8% decline in foreign direct investment (FDI) from BGN1.2 billion (US$853.1 million) in 2009 to BGN915.7 million (US$601.6 million) in 2012. However, FDI increased by 0.3% in 2013 to reach BGN918.4 million (US$623.3 million). However, this is still below its 2009 peak. The industry will be supported by allocation of cohesion policy funds, and government focus on infrastructure construction. The industry’s output is, therefore, expected to record a CAGR of 2.54% over the forecast period (2014−2018).

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