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Construction in Bulgaria-Key Trends and Opportunities to 2021

Published By :

Timetric

Published Date : Jun 2017

Category :

Construction

No. of Pages : 70 Pages

Synopsis
Following a contraction in 2014, the Bulgarian construction sector rebounded in 2015 and registered a growth rate of 2.8% in real terms. This recovery continued in 2016, due to improvements in economic conditions and a decline in the budget deficit.

According to the International Monetary Fund (IMF), the countrys GDP registered growth of 3.0% in 2016 and 2.3% in 2015. Additionally, the countrys budget deficit declined from 5.8% of total GDP in 2014 to 2.8% in 2015.

The industrys value is expected to pick up over the forecast period (20172021). Investment in road, rail and transport infrastructure, and improvements in consumer and investor confidence, and in regional and global economic conditions will support growth.

The industrys output value in real terms is expected to record a compound annual growth rate (CAGR) of 4.16% over the forecast period, up from 0.43% during the review period (20122016).


Summary
Timetrics Construction in Bulgaria Key Trends and Opportunities to 2021 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 construction activity

Analysis 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

Scope
This report provides a comprehensive analysis of the construction industry in Bulgaria. It provides:

Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in Bulgaria using construction output and value-add methods

Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, 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 methodologies.

Assess market growth potential at a micro-level with over 600 time-series data forecasts.

Understand the latest industry and market trends.

Formulate and validate strategy using Timetric's critical and actionable insight.

Assess business risks, including cost, regulatory and competitive pressures.

Evaluate competitive risk and success factors.

Key Highlights
As robust and modern transport infrastructure is vital for an economys growth and competitiveness, the government is focusing on infrastructure development. Accordingly, under the EUs Operational Program for Regional Development 20142020, the government plans to spend BGN7.8 billion (US$5.3 billion) on the construction of highways and roads infrastructure in the country by 2020.

In terms of buildings permits, there has been clear evidence of improvement in residential construction. According to the Bulgarian National Statistical Institute (NSI), the total number of residential building permits issued in the country grew by 4.7% from 4,310 units in 2015 to 4,514 in 2016. This was preceded by an annual growth of 1.5% in 2015. The total gross area of building permits issued for residential buildings grew by 4.8% from 2.3 million m2 in 2015 to 2.4 million m2 in 2016.

According to government estimates, total demand for natural gas in the country is expected to increase by 40.0%, rising from 3.1 billion m3 per year in 2014 to 4.3 billion m3 per year by 2025. Consequently, the government is focusing on constructing an underground gas pipeline in an aim to reduce transport loss and increase efficiency. Accordingly, state-owned Bulgartransgaz plans to invest BGN1.0 billion (US$678.3) to install gas pipelines across the country, increase the capacity of underground gas storage at Chiren, modernize compressor stations and expand the gas grids by 2025.

To revive the manufacturing industry, the government is focusing on developing industrial zones and changing foreign investment law. In January 2016, the government adopted the Public Procurement Act to ensure a transparent business environment and tackle malpractice, corruption and administrative inefficiencies. Moreover in June 2016, the government changed its commercial law.
Table of Contents
1 Executive Summary
2 Industry Outlook
2.1 Commercial Construction
2.2 Industrial Construction
2.3 Infrastructure Construction
2.4 Energy and Utilities Construction
2.5 Institutional Construction
2.6 Residential Construction
3 Key Issues and Developments
4 Market Data Analysis
4.1 Construction Output and Value Add
4.1.1 Construction output by project type
4.1.2 Construction output by cost type
4.1.3 Construction output by activity type
4.1.4 Construction value add by project type
4.2 Commercial Construction
4.2.1 Commercial construction output by project type
4.2.2 Commercial construction output by cost type
4.2.3 Commercial construction output by activity type
4.2.4 Commercial construction value add by project type
4.3 Industrial Construction
4.3.1 Industrial construction output by project type
4.3.2 Industrial construction output by cost type
4.3.3 Industrial construction output by activity type
4.3.4 Industrial construction value add by project type
4.4 Infrastructure Construction
4.4.1 Infrastructure construction output by project type
4.4.2 Infrastructure construction output by cost type
4.4.3 Infrastructure construction output by activity type
4.4.4 Infrastructure construction value add by project type
4.5 Energy and Utilities Construction
4.5.1 Energy and utilities construction output by project type
4.5.2 Energy and utilities construction output by cost type
4.5.3 Energy and utilities construction output by activity type
4.5.4 Energy and utilities construction value add by project type
4.6 Institutional Construction
4.6.1 Institutional construction output by project type
4.6.2 Institutional construction output by cost type
4.6.3 Institutional construction output by activity type
4.6.4 Institutional construction value add by project type
4.7 Residential Construction
4.7.1 Residential construction output by project type
4.7.2 Residential construction output by cost type
4.7.3 Residential construction output by activity type
4.7.4 Residential construction value add by project type
5 Company Profile: Enemona AD Kozlodui
5.1 Enemona AD Kozlodui Company Overview
5.2 Enemona AD Kozlodui Main Services
5.3 Enemona AD Kozlodui History
5.4 Enemona AD Kozlodui Company Information
5.4.1 Enemona AD Kozlodui key competitors
5.4.2 Enemona AD Kozlodui key employees
6 Company Profile: Transstroy-Burgas AD
6.1 Transstroy-Burgas AD Company Overview
6.2 Transstroy-Burgas AD Main Products and Services
6.3 Transstroy-Burgas AD History
6.4 Transstroy-Burgas AD Company Information
6.4.1 Transstroy-Burgas AD key competitors
6.4.2 Transstroy-Burgas AD key employees
7 Company Profile: Geotechmin OOD
7.1 Geotechmin OOD Company Overview
7.2 Geotechmin OOD Main Services
7.3 Geotechmin OOD History
7.4 Geotechmin OOD Company Information
7.4.1 Geotechmin OOD key competitors
7.4.2 Geotechmin OOD key employees
8 Company Profile: Intertime Continental JSC
8.1 Intertime Continental JSC Company Overview
8.2 Intertime Continental JSC Main Products and Services
8.3 Intertime Continental JSC History
8.4 Intertime Continental JSC Company Information
8.4.1 Intertime Continental JSC key competitors
8.4.2 Intertime Continental JSC key employee
9 Company Profile: Glavbolgarstroy Holdings AD
9.1 Glavbolgarstroy Holdings AD Company Overview
9.2 Glavbolgarstroy Holdings AD Main Services
9.3 Glavbolgarstroy Holdings AD History
9.4 Glavbolgarstroy Holdings AD Company Information
9.4.1 Glavbolgarstroy Holdings AD key competitors
10 Appendix
10.1 What is this Report About?
10.2 Definitions
10.3 Methodology
10.4 Contact Timetric
10.5 About Timetric
10.6 Timetrics Services
10.7 Disclaimer

List of Tables
Table 1: Bulgarian Construction Output by Project Type (BGN Million), 20122016
Table 2: Bulgarian Construction Output by Project Type (BGN Million), 20162021
Table 3: Bulgarian Construction Output by Cost Type (BGN Million), 20122016
Table 4: Bulgarian Construction Output by Cost Type (BGN Million), 20162021
Table 5: Bulgarian Construction Output by Activity Type (BGN Million), 20122016
Table 6: Bulgarian Construction Output by Activity Type (BGN Million), 20162021
Table 7: Bulgarian Construction Value Add by Project Type (BGN Million), 20122016
Table 8: Bulgarian Construction Value Add by Project Type (BGN Million), 20162021
Table 9: Bulgarian Commercial Construction Output by Project Type (BGN Million), 20122016
Table 10: Bulgarian Commercial Construction Output by Project Type (BGN Million), 2016 2021
Table 11: Bulgarian Commercial Construction Output by Cost Type (BGN Million), 20122016
Table 12: Bulgarian Commercial Construction Output by Cost Type (BGN Million), 20162021
Table 13: Bulgarian Commercial Construction Output by Activity Type (BGN Million), 2012 2016
Table 14: Bulgarian Commercial Construction Output by Activity Type (BGN Million), 2016 2021
Table 15: Bulgarian Commercial Construction Value Add by Project Type (BGN Million), 20122016
Table 16: Bulgarian Commercial Construction Value Add by Project Type (BGN Million), 20162021
Table 17: Bulgarian Industrial Construction Output by Project Type (BGN Million), 20122016
Table 18: Bulgarian Industrial Construction Output by Project Type (BGN Million), 20162021
Table 19: Bulgarian Industrial Construction Output by Cost Type (BGN Million), 20122016
Table 20: Bulgarian Industrial Construction Output by Cost Type (BGN Million), 20162021
Table 21: Bulgarian Industrial Construction Output by Activity Type (BGN Million), 20122016
Table 22: Bulgarian Industrial Construction Output by Activity Type (BGN Million), 2016 2021
Table 23: Bulgarian Industrial Construction Value Add by Project Type (BGN Million), 2012 2016
Table 24: Bulgarian Industrial Construction Value Add by Project Type (BGN Million), 2016 2021
Table 25: Bulgarian Infrastructure Construction Output by Project Type (BGN Million), 2012 2016
Table 26: Bulgarian Infrastructure Construction Output by Project Type (BGN Million), 2016 2021
Table 27: Bulgarian Infrastructure Construction Output by Cost Type (BGN Million), 2012 2016
Table 28: Bulgarian Infrastructure Construction Output by Cost Type (BGN Million), 2016 2021
Table 29: Bulgarian Infrastructure Construction Output by Activity Type (BGN Million), 2012 2016
Table 30: Bulgarian Infrastructure Construction Output by Activity Type (BGN Million), 2016 2021
Table 31: Bulgarian Infrastructure Construction Value Add by Project Type (BGN Million), 20122016
Table 32: Bulgarian Infrastructure Construction Value Add by Project Type (BGN Million), 20162021
Table 33: Bulgarian Energy and Utilities Construction Output by Project Type (BGN Million), 20122016
Table 34: Bulgarian Energy and Utilities Construction Output by Project Type (BGN Million), 20162021
Table 35: Bulgarian Energy and Utilities Construction Output by Cost Type (BGN Million), 20122016
Table 36: Bulgarian Energy and Utilities Construction Output by Cost Type (BGN Million), 20162021
Table 37: Bulgarian Energy and Utilities Construction Output by Activity Type (BGN Million), 20122016
Table 38: Bulgarian Energy and Utilities Construction Output by Activity Type (BGN Million), 20162021
Table 39: Bulgarian Energy and Utilities Construction Value Add by Project Type (BGN Million), 20122016
Table 40: Bulgarian Energy and Utilities Construction Value Add by Project Type (BGN Million), 20162021
Table 41: Bulgarian Institutional Construction Output by Project Type (BGN Million), 2012 2016
Table 42: Bulgarian Institutional Construction Output by Project Type (BGN Million), 2016 2021
Table 43: Bulgarian Institutional Construction Output by Cost Type (BGN Million), 20122016
Table 44: Bulgarian Institutional Construction Output by Cost Type (BGN Million), 20162021
Table 45: Bulgarian Institutional Construction Output by Activity Type (BGN Million), 2012 2016
Table 46: Bulgarian Institutional Construction Output by Activity Type (BGN Million), 2016 2021
Table 47: Bulgarian Institutional Construction Value Add by Project Type (BGN Million), 20122016
Table 48: Bulgarian Institutional Construction Value Add by Project Type (BGN Million), 20162021
Table 49: Bulgarian Residential Construction Output by Project Type (BGN Million), 2012 2016
Table 50: Bulgarian Residential Construction Output by Project Type (BGN Million), 2016 2021
Table 51: Bulgarian Residential Construction Output by Cost Type (BGN Million), 20122016
Table 52: Bulgarian Residential Construction Output by Cost Type (BGN Million), 20162021
Table 53: Bulgarian Residential Construction Output by Activity Type (BGN Million), 2012 2016
Table 54: Bulgarian Residential Construction Output by Activity Type (BGN Million), 2016 2021
Table 55: Bulgarian Residential Construction Value Add by Project Type (BGN Million), 2012
Table 56: Bulgarian Residential Construction Value Add by Project Type (BGN Million), 2016 2021
Table 57: Enemona AD Kozlodui, Key Facts
Table 58: Enemona AD Kozlodui, Main Services
Table 59: Enemona AD Kozlodui, History
Table 60: Enemona AD Kozlodui, Key Employees
Table 61: Transstroy-Burgas AD, Key Facts
Table 62: Transstroy-Burgas AD, Main Products and Services
Table 63: Transstroy-Burgas AD, History
Table 64: Transstroy-Burgas AD, Key Employees
Table 65: Geotechmin OOD, Key Facts
Table 66: Geotechmin OOD, Main Services
Table 67: Geotechmin OOD, History
Table 68: Geotechmin OOD, Key Employees
Table 69: Intertime Continental JSC, Key Facts
Table 70: Intertime Continental JSC, Main Products and Services
Table 71: Intertime Continental JSC, History
Table 72: Intertime Continental JSC, Key Employee
Table 73: Glavbolgarstroy Holdings AD, Key Facts
Table 74: Glavbolgarstroy Holdings AD, Main Services
Table 75: Glavbolgarstroy Holdings AD, History
Table 76: Timetric Construction Market Definitions

List of Figures
Figure 1: Bulgarian Construction Output (Real US$ 2010, Million), 20122021
Figure 2: Growth Matrix for Construction Output in Bulgaria (US$ Million), 20122021
Figure 3: Bulgarian Construction Output by Project Type (BGN Million), 20122021
Figure 4: Bulgarian Construction Output by Cost Type (BGN Million), 20122021
Figure 5: Bulgarian Construction Output by Activity Type (BGN Million), 20122021
Figure 6: Bulgarian Construction Value Add by Project Type (BGN Million), 20122021
Figure 7: Bulgarian Commercial Construction Output by Project Type (BGN Million), 20122021
Figure 8: Bulgarian Commercial Construction Output by Cost Type (BGN Million), 20122021
Figure 9: Bulgarian Commercial Construction Output by Activity Type (BGN Million), 20122021
Figure 10: Bulgarian Commercial Construction Value Add by Project Type (BGN Million), 20122021
Figure 11: Bulgarian Industrial Construction Output by Project Type (BGN Million), 2012 2021
Figure 12: Bulgarian Industrial Construction Output by Cost Type (BGN Million), 20122021
Figure 13: Bulgarian Industrial Construction Output by Activity Type (BGN Million), 2012 2021
Figure 14: Bulgarian Industrial Construction Value Add by Project Type (BGN Million), 2012 2021
Figure 15: Bulgarian Infrastructure Construction Output by Project Type (BGN Million), 2012 2021
Figure 16: Bulgarian Infrastructure Construction Output by Cost Type (BGN Million), 2012 2021
Figure 17: Bulgarian Infrastructure Construction Output by Activity Type (BGN Million), 20122021
Figure 18: Bulgarian Infrastructure Construction Value Add by Project Type (BGN Million), 20122021
Figure 19: Bulgarian Energy and Utilities Construction Output by Project Type (BGN Million), 20122021
Figure 20: Bulgarian Energy and Utilities Construction Output by Cost Type (BGN Million), 20122021
Figure 21: Bulgarian Energy and Utilities Construction Output by Activity Type (BGN Million), 20122021
Figure 22: Bulgarian Energy and Utilities Construction Value Add by Project Type (BGN Million), 20122021
Figure 23: Bulgarian Institutional Construction Output by Project Type (BGN Million), 2012 2021
Figure 24: Bulgarian Institutional Construction Output by Cost Type (BGN Million), 2012 2021
Figure 25: Bulgarian Institutional Construction Output by Activity Type (BGN Million), 2012 2021
Figure 26: Bulgarian Institutional Construction Value Add by Project Type (BGN Million), 20122021
Figure 27: Bulgarian Residential Construction Output by Project Type (BGN Million), 2012 2021
Figure 28: Bulgarian Residential Construction Output by Cost Type (BGN Million), 20122021
Figure 29: Bulgarian Residential Construction Output by Activity Type (BGN Million), 2012 2021
Figure 30: Bulgarian Residential Construction Value Add by Project Type (BGN Million), 20122021

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