Bulgaria Shipping Report - Business Monitor International - Industry Reports

Bulgaria Shipping Report

Bulgaria Shipping Report - Business Monitor International - Industry Reports
Bulgaria Shipping Report
Published Nov 21, 2015
81 pages — Published Nov 21, 2015
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

BMI View: In ---- the port of Varna is set to see tonnage growth of -.- y-o-y, a fairly significant fall on the forecast --.- gain of ----. The key reason for this is the sluggish performance of the economy, which will continue to grow below pre-crisis historical averages. ...The key reason for this is the sluggish performance of the economy, which will continue to grow below pre-crisis historical averages. Private consumption will continue to be the strongest growth component in the economy, but we forecast small expansions in this indicator, of only -.- in ---- and -.- in ----, tempering our shipping forecasts. The business environment remains challenging, with high levels of corruption and inefficiency. ...Over our medium-term forecast period (---------) we expect tonnage throughput at Varna to average annual growth of -.-- , while box throughput is pencilled in to increase by an average of -.-- y-o-y. This growth is linked to the medium-term investments planned for the port, with BGN-.-mn-worth of funds earmarked for the port on new equipment and facilities, according to CEO Petar Seferov in March ----.

...Bulgaria s Black Sea neighbours are among the country s main import and export partners, meaning shipping has a key role in the country s trade. As a member of the EU, Bulgaria benefits from the EU s institutional support mechanisms and access to a huge trade network, boosting demand for shipping services. ...Bulgaria s Black Sea neighbours are among the country s main import and export partners, meaning shipping has a key role in the country s trade. As a member of the EU, Bulgaria benefits from the EU s institutional support mechanisms and access to a huge trade network, boosting demand for shipping services. Throughput at the port of Varna has fully recovered from the ---- decline. ...The money will be used to improve equipment and facilities and estimated current throughput at around --mn tonnes, distributed between the two terminals, Port Varna East and Port Varna West.

...� Business Monitor International Ltd Page - Bulgaria Shipping Industry SWOT - Continued Until recently, Bulgaria s ports have turned down plans to develop their container facilities, limiting their expansion potential and future role. Tension between the EU and Russia over Ukraine could seriously disrupt Bulgaria s energy supplies. ...Tension between the EU and Russia over Ukraine could seriously disrupt Bulgaria s energy supplies. Bulgarian ports are not able to match the maritime trade connections of their Black Sea competitors, and consequently reliance on costly and time-consuming feeder services from other ports will continue. Bulgarian exporters are suffering from rising competition from EU peers in Romania and Croatia, which could dampen export growth. ...

  
Source:
Document ID
2040-9842
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Bulgaria Shipping Report" Nov 21, 2015. Alacra Store. Dec 11, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Bulgaria-Shipping-Report-2026-847>
  
APA:
Business Monitor International - Industry Reports. (2015). Bulgaria Shipping Report Nov 21, 2015. New York, NY: Alacra Store. Retrieved Dec 11, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Bulgaria-Shipping-Report-2026-847>
  
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