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decisions will be taken at a slower pace, mainly due to uncertainties related to Bulgaria’s possible entry to the eurozone.
Precious metals production will remain strong in 2025. In mid-September, Canada's Velocity Minerals entered into a binding agreement on an exclusive option to acquire the Toledo silver-gold property in western Bulgaria through a fully owned subsidiary.
Velocity decided in October to sell its assets in Bulgaria to Turkish diversified group Turkerler Holding for $59mn. Turkerler will buy Velocity’s Rozino gold project and the company’s stakes in other mineral property assets, licences, licence applications and associated tenures and rights.
After the start of the Russian invasion of Ukraine, Bulgaria’s defence industry saw solid growth, which is expected to continue in 2025.
Tourism, on the other hand, could continue suffering from insecurity related to floating mines found in the Black Sea, as well as from the warm weather during winter.
5.3.4 Major Sectors & Companies
Among Bulgaria’s sectors with strongest growth potential in 2025 are
finance and insurance, defence, IT and construction.
In construction, the real estate sector and public investments in infrastructure are expected to drive the growth in 2025. According to market experts, the most sought-after properties are houses with common infrastructure, as well as new apartments.
In the public sector, Bulgaria could start long-delayed infrastructure projects if the EU unfreezes its financing under the recovery and resilience plan. Meanwhile, the Road Infrastructure Agency has launched several projects in 2024 that will continue throughout 2025.
Among the most significant is the reconstruction of the bridge over the River Danube connecting Bulgaria with Romania. The project was launched in summer 2024 and is estimated to cost €23mn. The bridge was built 70 years ago and has never been upgraded since then. It is one of only two bridges connecting the two countries over the Danube.
Another major infrastructure project that will develop throughout 2025 and 2026 is that of Fraport Twin Star Airport Management that will invest more than €50mn in rehabilitation of the runway at the Burgas Airport. To complete the project, the company will close the airport for six months during the winter period of 2025-2026.
81 SE Outlook 2025 www.intellinews.com