Contractors in Bulgaria hope for better years to come after reduction in sales in 2016

Mateusz Lasek, Construction Analyst, PMR
Bulgaria, like the majority of the other CEE countries, witnessed a significant contraction in its construction output in 2016, mostly because of the transition period between the 2007-2013 and 2014-2020 funding schemes of the European Union. According to our estimates, presented in the PMR report “Construction industry in Bulgaria 2017. Development forecasts for 2017-2022”, construction output in Bulgaria fell by around 14% year on year in terms of value. It should be noted, however, that this also reflected a high-base effect, as it did in 2014, and in 2015 in particular, the market…

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