Wed, Feb 08 2012

Construction sector in Bulgaria continues downward trend

Fri, Jul 09 2010 11:50 CET

byThe Sofia Echo staff

2349 Views 3 Comments
Construction sector in Bulgaria continues downward trend

Photo: Maria Subotinova

The construction sector in Bulgaria marked a 16.6 per cent drop in May 2010 on an annual basis, and a 3.7 per cent monthly decline, the National Statistics Institute (NSI) said on July 8 2010.

The year-on-year decline is attributed to a nearly 25 per cent drop in real estate construction and a 0.4 per cent drop in infrastructure construction, the report said. On a monthly basis, the drop was 3.1 per cent and 4.4 per cent, respectively.

For the first five months of 2010, the sector declined by 23.6 per cent compared to the same period of 2009, NSI said. Real estate construction dropped by 32.4 per cent, while infrastructure construction was down 5.4 per cent.

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Comments

Anonymous*******Tue, May 17 2011 14:24 CET

This comment has been removed by the moderator because it contained foul, abusive or discriminating language

Anonymous Ron Macmillan Fri, Jul 09 2010 18:45 CET
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Golf. The country has to build golf courses,What was spain before golf was introduced [fishing ports.]

Anonymous Ivan Fri, Jul 09 2010 13:59 CET
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So, there should be enough capacity now to finally start renovating these panel blocks.


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