We believe that Bulgaria's automotive sector will have another good year in 2019, as the newly approved taxes on oldervehicles further motivate its consumers to purchase new vehicles, and the extension of the new WLTP to include commercialvehicles motivate businesses to accelerate their purchases to 2019. Furthermore, we expect the country's tightening labour marketto further aid the ability of consumers to purchase new vehicles over our 2019-2028 forecast period. We forecast total vehicle salesto expand by 11.3% in 2019. Thereafter, we expect sales to slow steadily over the remainder of our 2019-2028 forecast period,averaging annual growth of 5.2%.
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