(MENAFNEditorial)
Moderate Growth Expected At Varna In 2015
We are predicting modest cargo throughput at the port of Varna in 2015. Growth in tonnage will be slower relative to last year reflecting a general deceleration of Bulgaria's foreign trade growth. Box traffic growth will also be subdued but a little stronger than last year in part because domestic consumption remains the main driver of the economy and tends to require a high proportion of containerised imports.
No party or coalition won a clear majority in the October 5 2014 parliamentary elections. A month after the poll it appeared that former Prime Minister Boiko Borisov would preside over a minority government formed by his centre-right GERB party and the Reformist Bloc an alliance of five smaller parties also of the centre-right. Pending final coalition talks the outlook remained uncertain. Uncertainty has been weighing down on the country's modest recovery. BMI has trimmed its GDP growth forecast for Bulgaria to 1.9% in 2015 and 2.9% in 2016 (down from 2.5% and 3.2% respectively). This also reflects weaker than expected demand for exports from the eurozone and pressure on household spending which for the moment remains the main motor of growth.
Full Report Details at
- http://www.fastmr.com/prod/924104_bulgaria_shipping_report_q1_2015.aspx?afid=101
Headline Industry Data
* 2015 port of Varna tonnage throughput forecast to grow 3.8% to 17.086mn tonnes; over the medium-term (to 2019) we project an average annual increase of 4.2%.
* 2015 port of Varna container throughput forecast to grow 3.0% to 139060TEUs; over the medium-term we project a 3.9% average annual increase.
* 2014 total trade growth forecast at 2.5% down from an estimated 4.9% in 2014.
Key Industry Trends
Work Underway T o Improve Bulgarian Sector O f River Danube: In October 2014 Nikolina Angelkova Bulgaria's interim minister of transport IT and communications said that a newly-built Danube River information centre based in the city of Ruse would start operating within a month and a half. Its aim was to manage a tracking and...
The Bulgaria Shipping Report has been researched at source and features latest-available data and Business Monitor International (BMI)'s independent forecasting critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news trends and regulatory developments in Bulgaria.
BMI's Bulgaria Shipping Report provides industry professionals and strategists sector analysts business investors trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in Bulgaria.
Key Benefits
* Benchmark BMI's independent shipping industry forecasts for Bulgaria to test other views - a key input for successful budgeting and strategic business planning in the Bulgarian shipping market.
* Target business opportunities and risks in Bulgaria through our reviews of latest industry trends regulatory changes and major deals projects and investments.
* Exploit the latest competitive intelligence and company SWOTS on your competitors and peers including multinational and national companies.
Coverage
BMI Industry View
Summary of BMI's key industry forecasts views and trend analysis covering shipping major investments and projects and significant multinational and national company developments.
SWOT Analysis
SWOT (Strengths Weaknesses Opportunities and Threats) analysis of the state's shipping sector which carefully evaluates the short- and medium-term issues facing the industry.
Market Overview
Analysis of the capacity terminals and planned development of the major ports in each country including data on throughput and total tonnage.
Industry Forecast Scenario
Historic data series (2008-2012) and forecasts to end-2018 for all key industry and macroeconomic indicators (see list below) supported by explicit assumptions plus analysis of key downside risks to the main forecast including:
Major port freight throughput (tonnes/teu); overall freight throughput (teu); total imports (US$bn) and exports (US$bn).
Company Profiles
Company profiles include business activities leading products and services company strategy trends and developments and economic performance analysis.
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