New Market Study Published: Bulgaria Food & Drink Report Q1 2013
Our outlook for the Bulgarian consumer sector remains gloomy, due to a number of lingering challenges over the medium and long term. Economic growth has flatlined due to weakening demand from the eurozone (approximately 60% of total Bulgarian exports are destined for Europe) and a larger concomitant slowdown in domestic demand as export intensive industrial activity slows. Further dragging on growth is fiscal austerity and the domestic banking sector's exposure to peripheral eurozone banks, which will restrict credit growth while...
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