|
|
 |
|
Viewing report
|
|
|
|
Construction Sector in Bulgaria
AII Data Processing, April 2011, Pages: 25
In 2010 the Bulgarian construction sector continued to shrink due to the consequences of the global economic crisis. The major problem for the construction industry was the lack of private and public investments, according to market experts.
The country’s construction sector registered an average annual drop of 16.9% in 2010, while according to Eurostat, the average decrease of construction output in the EU-27 countries was 4.3%. Bulgaria was among the EU’s five worst performers almost every month from September 2009 to December 2010.
In 2010 the number of construction companies slumped to 4,200 from 5,400 in the previous year, according to data from the Bulgarian Construction Chamber (BCC). The number of employed persons in the sector went down by 21.3% in 2010 thus further boosting the country’s unemployment rate. The number of building permits for the construction of buildings went down by 16% year-on-year in 2010 and the highest annual drop of 29.5% was registered in the residential segment.
In 2009 the total revenue of construction companies in Bulgaria declined by
3.7% in comparison to 2008 with net sales revenue of the leading companies inching down by 1.2%. BCC had 1,883 members, including 431 companies based in the Sofia region as of February 2011. In comparison, in June 2009, BCC’s members amounted to 2,274, of which 491 were Sofia-based.
The expected economic growth in 2011, the improving EU funds absorption and government investments in infrastructure projects should help the construction sector to start its recovery.
Product samples
A sample for this product is available. Please Login/Register to download this sample.
|
|
|
|
