Group Performance by Region and Country

Annual Report 2012

In 2012 the Bulgarian economy lost momentum and declined by nearly 0.9%.

Cement consumption remained at low levels, similar to the previous year, having posted a close to 40% cumulative decline, compared to the peak of 2009. Demand for building materials was supported by the continued utilization of EU structural funds. Despite low levels of construction, imported cement was still estimated 25% of consumption.

The installation for Processed Engineered Fuel in the Zlatna Panega plant, successfully completed its first full year of operation, achieving  the targets for substitution of conventional by alternative fuels.