BMI View: In 2016 the port of Varna is set to see tonnage growth of 2.8% y-o-y, a fairly significant fall on
the forecast 14.0% gain of 2015. The key reason for this is the sluggish performance of the economy, which
will continue to grow below pre-crisis historical av ..."
BMI View: The Port of Varna is positioned to enjoy an impressive year of growth with tonnage set to be the
outperformer, forecast to increase by 14.00% year-on-year (y-o-y), while container throughput is also
pencilled in to enjoy healthy growth of 7.00% y-o-y. The on ..."
BMI View: The Port of Varna will see cargo growth in the low single percentage digits this year, both in
terms of bulk tonnage and containers handled. Tonnage has always been rather volatile at the port. Our
numbers reflect a steep decline last year according to offic ..."
Growth Forecasts Cut Back Again
Low single-digit growth is expected for cargo throughput at Varna Port this year. Tonnage has always been
rather volatile at the port, and we have updated our numbers to incorporate a steep decline last year
according to published ..."
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 la ..."
2014 Growth Forecast Reduced
Based on recent economic activity data BMI is rebalancing its GDP estimates and forecasts for 2013/14,
against the background of a somewhat faltering economic recovery. Compared to where we were in our last
quarterly report, we have ..."
BMI is maintaining its low estimate of Bulgaria's 2013 GDP growth at 0.5%, while we have very
marginally edged up the growth forecast for this year to 1.6% (compared with 1.5% before). As can be seen
we are somewhat unexcited about the outlook. To put that in context, ..."
BMI Industry View
Political Uncertainty Is Holding Back Bulgarian Growth
If it weren't for the politics, after a period of fiscal austerity and the eurozone crisis, the Bulgarian economy
would now be more than ready for a pretty impressive recovery. But politics ..."
Slower Growth As Politics Remain Uncertain Political upheavals continue to overshadow the Bulgarian economy. Widespread unrest broke out in February this year over rising electricity bills, falling standards of living, and corruption. They eventually led to the collapse of a cent ..."
Political Unrest Clouds Growth Outlook
Bulgaria's economic outlook has deteriorated quite sharply since our last quarterly shipping report. The root
cause is the political turmoil that has engulfed the country, sparked by protests early in the year over high