In 2010 the Bulgarian construction
sector continued to shrink due to the consequences of the global economic crisis. The major
problem for the construction industry was the lack of private and public investments,
according to market experts.
The country’s construction sector registered an average annual drop of 16.9% on the year in
2010, while the average decrease of the construction output in the EU-27 countries was
4.3%, Eurostat data showed. Bulgaria was among the EU’s five worst performers almost
every month since September 2009 to December 2010.