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Reviews for Construction-in-Bulgaria---Key-Trends--Growth-and-Opportunities-to-2018
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Date Created: 12/18/15
Construction in Bulgaria - Key Trends and Opportunities to 2018 Synopsis This report provides detailed market analysis, information and insights into the Bulgarian construction industry, including: The Bulgarian construction industry's growth prospects by market, project type and type of construction activityAnalysis of equipment, material and service costs for each project type in Bulgaria Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Bulgarian construction industry Profiles of the leading operators in the Bulgarian construction industry. Data highlights of the largest construction projects in Bulgaria Executive summary 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). Scope This report provides a comprehensive analysis of the construction industry in Bulgaria. It provides: Historical (2009–2013) and forecast (2014–2018) valuations of the construction industry in Bulgaria using construction output and value-add methods Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services) Analysis of key construction industry issues, including regulation, cost management, funding and pricing Detailed profiles of the leading construction companies in Bulgaria Reasons to buy Identify and evaluate market opportunities using Timetric's standardized valuation and forecasting methodologiesAssess market growth potential at a micro-level with over 600 time-series data forecasts Understand the latest industry and market trends Formulate and validate business strategies using Timetric's critical and actionable insight Assess business risks, including cost, regulatory and competitive pressures Evaluate competitive risk and success factors Key highlights According to the Bulgarian National Statistical Institute (NSI), the average seasonally adjusted construction production indices increased from 82.3 during the first seven months of 2013 to 85.0 during the first seven months of 2014. Moreover, the total number of permits increased from 4,271 in the first half of 2013 to 4,316 in the first half of 2014. The number of residential building permits increased from 1,915 to 2,136, administrative buildings permits increased from 64 to 91, whereas other building permits fell from 2,292 to 2,089 during the same period. The gross value add of the construction industry in real terms fell from BGN726.0 million (US$492.7 million) in the second quarter of 2013 to BGN719.0 million (US$484.1 million) in the second quarter of 2014, whereas in nominal terms, it declined from BGN1.0 billion (US$678.7 million) to BGN933.2 million (US$628.4 million) during the same period. The construction industry is, therefore, expected to grow at slower pace over the forecast period. In 2013, the government adopted a draft partnership agreement with the European Union (EU) for the use of the investment funds allocated to the country for the 2014–2020 period. Until the end of 2020, BGN19.5 billion (US$13.2 billion) is expected to be invested, of which BGN14.8 billion (US$10.0 billion) will be allocated through Cohesion Policy Funds, which is the EU’s approach to achieve the objectives set in the Europe 2020 strategy. These cohesion policy funds will be distributed by seven operational programs, such as transport infrastructure, science and education, innovation and competitiveness, environment, human resource development and good governance. In total, BGN4.5 billion (US$3.1 billion) will be invested in rural development, and BGN171.9 million (US$116.7 million) in the fisheries and maritime sector. This move to increase the country’s economic growth and competitiveness will support the growth of the construction industry over the forecast period. Bulgaria’s long-term railway infrastructure development plan includes the modernization and construction of the railway network along the east−west axis, as well as the refurbishment of important domestic and international railway lines. In addition, factors such as high fuel costs, road congestion, and environment protection policies emphasize the need to improve rail infrastructure. Under the Transport 2014–2020 operational program, several rail infrastructure projects, such as the rehabilitation and modernization of the Plovdiv–Burgas and Septemvri–Sofia lines, will be covered. However, only BGN976.8 million (US$662.9 million) is allocated under the Transport 2014–2020 program, less than the BGN7.8 billion (US$5.3 billion) required to completely upgrade and rehabilitate the country’s rail network. Investments to improve the country’s rail network will support the growth of the rail infrastructure category over the forecast period. Bulgaria lacks an efficient waste-management system, and still has 113 operational waste dumping sites that do not meet the terms of the EU landfill directive. However, the country has set a target to achieve 50% recycling of municipal solid waste by 2020. Under the National Waste Management Plan 2014¬–2020, the country aims to become a zero-waste society by reducing landfill waste and constructing 55 waste-treatment systems. The country’s need to address waste management is likely to support marginal growth in the waste-processing plant category over the forecast period. Bulgaria has set a target to achieve a 16.0% share of renewable energy in the gross final energy consumption, and increase energy efficiency by 25.0% by 2020. According to Eurostat, in 2012, Bulgaria achieved its set target for 2020. Moreover, the country is suffering from electricity oversupply, due to low domestic consumption, and increasing solar and wind capacity. Therefore, the government reduced its feed-in-tariff by 20.0% for solar and wind producers. This move is likely to impact the electricity sector, resulting in the slow growth of the energy and communications infrastructure category over the forecast period. table Of Contents 1 Executive Summary 2 Market Overview 2.1 Key Trends And Issues 2.2 Benchmarking By Market Size And Growth 3 Commercial Construction 3.1 Performance Outlook 3.2 Key Trends And Issues Construction in Bulgaria - Key Trends and Opportunities to 2018 3.3 Data And Project Highlights 4 Industrial Construction 4.1 Performance Outlook 4.2 Key Trends And Issues 4.3 Data And Project Highlights 5 Infrastructure Construction 5.1 Performance Outlook 5.2 Key Trends And Issues 5.3 Data And Project Highlights 6 Institutional Construction 6.1 Performance Outlook 6.2 Key Trends And Issues 6.3 Data And Project Highlights 7 Residential Construction 7.1 Performance Outlook 7.2 Key Trends And Issues 7.3 Data And Project Highlights 8 Company Profile: Enemona Ad Kozlodui 8.1 Enemona Ad Kozlodui – Company Overview 8.2 Enemona Ad Kozlodui – Business Description 8.3 Enemona Ad Kozlodui – Main Services 8.4 Enemona Ad Kozlodui – History 8.5 Enemona Ad Kozlodui – Company Information 8.5.1 Enemona Ad Kozlodui – Key Competitors 8.5.2 Enemona Ad Kozlodui – Key Employees 9 Company Profile: Transstroy-burgas Ad 9.1 Transstroy-burgas Ad – Company Overview 9.2 Transstroy-burgas Ad – Main Products And Services 9.3 Transstroy-burgas Ad – Company Information 9.3.1 Transstroy-burgas Ad – Key Competitors 9.3.2 Transstroy-burgas Ad – Key Employees 10 Company Profile: Geotechmin Ood 10.1 Geotechmin Ood – Company Overview 10.2 Geotechmin Ood – Main Products And Services 10.3 Geotechmin Ood – Company Information 10.3.1 Geotechmin Ood – Key Competitors 10.3.2 Geotechmin Ood – Key Employees 11 Company Profile: Glavbolgarstroy Holdings Ad 11.1 Glavbolgarstroy Holdings Ad – Company Overview 11.2 Glavbolgarstroy Holdings Ad – Main Services 11.3 Glavbolgarstroy Holdings Ad – Company Information 11.3.1 Glavbolgarstroy Holdings Ad – Key Competitors 11.3.2 Glavbolgarstroy Holdings Ad – Key Employees 12 Company Profile: Yavor Plc 12.1 Yavor Plc – Company Overview 12.2 Yavor Plc – Main Services 12.3 Yavor Plc – Company Information 12.3.1 Yavor Plc – Key Competitors 12.3.2 Yavor Plc – Key Employees Construction in Bulgaria - Key Trends and Opportunities to 2018 13 Market Data Analysis 13.1 Construction Output And Value Add 13.1.1 Construction Output By Project Type 13.1.2 Construction Output By Cost Type 13.1.3 Construction Output By Activity Type 13.1.4 Construction Value Add By Project Type 13.2 Commercial Construction 13.2.1 Commercial Construction Output By Project Type 13.2.2 Commercial Construction Output By Cost Type 13.2.3 Commercial Construction Output By Activity Type 13.2.4 Commercial Construction Value Add By Project Type 13.3 Industrial Construction 13.3.1 Industrial Construction Output By Project Type 13.3.2 Industrial Construction Output By Cost Type 13.3.3 Industrial Construction Output By Activity Type 13.3.4 Industrial Construction Value Add By Project Type 13.4 Infrastructure Construction 13.4.1 Infrastructure Construction Output By Project Type 13.4.2 Infrastructure Construction Output By Cost Type 13.4.3 Infrastructure Construction Output By Activity Type 13.4.4 Infrastructure Construction Value Add By Project Type 13.5 Institutional Construction 13.5.1 Institutional Construction Output By Project Type 13.5.2 Institutional Construction Output By Cost Type 13.5.3 Institutional Construction Output By Activity Type 13.5.4 Institutional Construction Value Add By Project Type 13.6 Residential Construction 13.6.1 Residential Construction Output By Project Type 13.6.2 Residential Construction Output By Cost Type 13.6.3 Residential Construction Output By Activity Type 13.6.4 Residential Construction Value Add By Project Type 14 Appendix 14.1 What Is This Report About? 14.2 Definitions 14.3 Summary Methodology 14.4 Methodology 14.5 Contact Timetric 14.6 About Timetric 14.7 Timetric’s Services 14.8 Disclaimer ResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price. Contact: M/s Sheela, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-997-4948 Email: email@example.com Website: http://www.researchmoz.us/ Construction in Bulgaria - Key Trends and Opportunities to 2018
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