Bulgaria's Construction Sector: Notable Decline Surpasses EU Trends
Recent data from Eurostat unveils a significant downturn in Bulgaria's construction industry, showcasing a more pronounced dip compared to the EU's overall production metrics
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In the third quarter of 2016, construction licenses for administrative buildings increased by 37.8%, compared to the previous quarter, while their area marked a 315% growth.
Compared to a year ago, licenses increased by 27.5%, while the area of administrative buildings increased by 81.6%.
This is happening against the background of a decrease in the construction of residential buildings and licenses for such buildings, showed data of the National Statistical Institute.
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