Bulgaria Consumer & Retail Q1 2019
We forecast total vehicle sales in Bulgaria to grow by 11.3% in 2019, as amendments to the tax on older vehicles leadsconsumers to buy new vehicles. The high rate of economic activity combined with a labour shortage is dramatically pushing upwages, boosting consumer confidence across the country which will support strong growth in new vehicle sales. Rising industrialcapacity constraints and rebounding EU co-financed infrastructure projects will buoy fixed investment, which will ensure robustgrowth in the demand for commercial vehicles.
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