Balgarianovinite.com The construction sector is one of the few significant multipliers in the Bulgarian economy, and construction entrepreneurs are among the key sources of revenue for the State and employment, including among marginalized communities, the National Association of Construction Entrepreneurs (NACE) told a BTA-hosted news conference here on Tuesday. The news conference on the construction sector’s contribution to Bulgarian economy was organized by NACE to inform the public about residential construction’s benefits.
NACE was represented by Chairman Georgi Shopov; Emiliya Tsokonova-Cholakova, managing partner of Match More; Asen Chavdarov, co-owner of Contract City; Dimitar Savov, CEO of BLD; and Dr. Shtelyan Kalchev, managing partner of Imvestia.
Shopov said that everyone sees and feels the negatives of residential construction, but very little is said and very little is known about the benefits. He added that construction is manufacturing, and every manufacturing industry is the foundation of a country. The contribution of the construction sector to the gross domestic product (GDP) for 2024 was 4.2%, which corresponds to nearly BGN 12 billion in revenue for the state budget, according to data reported by Shopov. He also said that the relative share of entrepreneurs in residential construction in GDP increased by 11% in 2024.
Tsokonova-Cholakova presented data on the contribution of construction entrepreneurs to job creation, emphasizing the social impact of the sector in terms of employing people from marginalized communities. According to her, construction companies today are among the largest employers in the country. According to the data presented, construction workers employed in the sector represent over 8% of the workforce in Bulgaria in 2025. Salaries increased by 17.8% in gross remuneration in the first half of 2025, with a 12% increase in the average gross salary for the country in the first half of 2025. She specified that the growth is not due to inflationary processes, but reflects the employer’s assessment of the skills of the employees. She also reported a 34.3% drop in unemployment in the construction sector in the first half of 2025 compared to the same period of 2024.
Chavdarov presented the importance of the construction sector for the state budget. “Construction is one of the few significant multipliers in the Bulgarian economy. Every BGN 1 spent on construction creates about BGN 1.8 to 2 of additional added value. Similarly, each job generates at least 1.5 to 2 jobs, because construction is linked to dozens of other sub-industries,” said Chavdarov. The tax contribution of the construction sector is about BGN 7.5 billion, he said, adding that this figure includes the entire range of taxes – direct and indirect, VAT, and local taxes and fees. Another BGN 2.3 billion have been paid in the form of salaries, and BGN 1 billion in social insurance contributions. According to Chavdarov, construction companies are among the key sources of revenue for the State, rather than beneficiaries of public funds.
During the news conference, data were presented from a sociological survey on the main problems in urban infrastructure. The poll was conducted by the Trend agency on behalf of NACE among 357 people in Sofia, Plovdiv, Varna, Burgas, and Stara Zagora. Based on the opinions of the participants, the survey highlights parking as the main problem, followed by traffic and mobility, and air quality. According to the data presented, construction ranks fourth.
“Construction today is not what it was decades ago – the specifics of the materials are different, the processes are significantly faster, the machines are more efficient, and communication has been optimized,” said Kalchev. This development in the sector can reduce construction times by between 30 and 50%. Construction Sector Contributes Significantly to Bulgarian Economy – Construction Entrepreneurs 2025 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2025-11-25 13:14:39 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law
