TABLE OF CONTENTS
CHAPTER 1 EXECUTIVE SUMMARY 5
1.1 Executive Summary 5
CHAPTER 2 KEY FACTS AND OVERVIEW 6
2.1 Key Facts 6
2.2 Country Overview 8
2.3 Policy and Business 9
CHAPTER 3 THE BULGARIAN ECONOMY 11
3.1 Economic Overview 11
3.2 Economic Performance 14
3.3 Foreign Trade 16
3.4 Major Trading Partners 18
3.5 Key Economic Issues 20
3.6 Economic Prospects 21
CHAPTER 4 MAJOR INDUSTRIES IN BULGARIA 22
4.1 Medical and Pharmaceutical 22
4.2 Retail Industry 24
4.3 Food & Beverage 25
CHAPTER 5 TRANSPORT AND LOGISTICS IN BULGARIA 27
5.1 Logistics Overview 27
5.2 Leading Companies 31
5.3 Road and rail transport 35
5.4 Air Transport 46
5.5 Inland Waterways 48
CHAPTER 6 LOGISTICS OUTLOOK FOR BULGARIA 50
6.1 Logistics Outlook for Bulgaria 50


TABLE OF FIGURES
Figure 1: Bulgaria: Geographical Location 6
Figure 2: Bulgaria: Exchange Rate 9
Figure 3: Bulgaria: Real GDP ($ Billion), 2000-2006 11
Figure 4: Bulgaria: Unemployment Rate (%), 2001-2006 12
Figure 5: Bulgaria: CPI Inflation in Bulgaria (%), 2000-2006 13
Figure 6: Bulgaria: Structure of Exports by Commodity (%), 2006 16
Figure 7: Bulgaria: Structure of Imports by Commodity (%), 2006 17
Figure 8: Bulgaria: Exports by Destination (%), 2006 18
Figure 9: Bulgaria: Imports by Country of Origin (%), 2006 19
Figure 10: Bulgaria: Public Expenditure for Healthcare ($ Millions), 2003-2005 22
Figure 11: Bulgaria: Wholesale Drug Distribution Market, Q4 2006 (%) 23
Figure 12: Bulgaria: Share of Food & Beverage Sector in Industrial Gross Output (%), 2003-2006 25
Figure 13: Bulgaria: Production of Food, Beverage and Tobacco ($ Billions), 2002-2005 26
Figure 14: Bulgaria: Railway Map 27
Figure 15: Bulgaria: Structure of Imports by Mode of Transportation (%), 2006 29
Figure 16: Bulgaria: Structure of Exports by Mode of Transportation (%), 2006 30
Figure 17: Bulgaria: Road Freight Volumes (Million Tonnes), 2003-2006 35
Figure 18: Bulgaria: Structure of Road Transport, 2006 36
Figure 19: Bulgaria: National Transport of Goods by Road (Million Tonnes), 2003-2006 37
Figure 20: Bulgaria: International Transport of Goods by Road (Million Tonnes), 2003-2006 38
Figure 21: Bulgaria: Road Transport Performance (Billion Ton-Kilometres), 2001-2006 39
Figure 22: Bulgaria: Structure of Road Freight by Activity (Million Tonnes), 2003-2006 40
Figure 23: Bulgaria: Structure of Road Freight by Activity (Million Tonnes), 2003-2006 41
Figure 24: Bulgaria: Road Freight Performance by Structure (Billion Ton-kilometres), 2003-2006 42
Figure 25: Bulgaria: Structure of Road Infrastructure (%), 2004 43
Figure 26: Bulgaria: Structure of Roads, 2004 44
Figure 27: Bulgaria: Structure of Railway Track (%), 2003 45
Figure 28: Bulgaria: Volume of Goods Transported through Airports (000 Tonnes), 2004-2006 46
Figure 29: Bulgaria: Structure of Air freight by Airports, 2004 47
Figure 30: Bulgaria: Volume of Goods Transported by Ports (Million Tonnes), 2000-2005 48
Figure 31: Bulgaria: Structure of Goods Transported by Ports (%), 2000-2005 49
Figure 32: Bulgaria: Road Transport Performance (Billion Ton-kilometres), 2007-2012 50
Figure 33: Bulgaria: Volume of Air Freight (000 Tonnes), 2007-2012 51
Figure 34: Bulgaria: Volume of Sea/Maritime Freight (Million Tonnes), 2007-2012 52
Figure 35: Bulgaria: Logistics and Storage Nominal Value (Million US$), 2006-2012 53