Construction sector in Bulgaria to grow 5% in 2013

The civil engineering construction market will continue to dominate the overall construction market in Bulgaria. With access to EU funds and the attractive energy sector as leading factors in the development of civil engineering projects, the outlook for Bulgaria’s overall construction market is positive.
According to our latest report, entitled “Construction sector in Bulgaria 2013 – Development forecasts for 2013-2015”, the medium-term outlook for the Bulgarian construction market is quite optimistic and one of the best in the region. Despite the risks associated with the relatively strong links between the Greek and Bulgarian economies, in particular in the financial sphere, the Bulgarian economy remained quite resilient in 2012. As a result, the risk of recession is low and GDP growth should accelerate in 2013.

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