The country has climbed 2 places to the 19th position in the 2010 global retail development ranking of management consulting company AT Kearney. According to the report, Bulgaria is still at the early investment phase and local trade marks are rather few while foreign retailers have managed to gain good market positions. AT Kearney notes that the purchasing power gap between bigger and smaller settlements is rather large. The hypermarkets and the discounters are to drive the retail business in the cities while the supermarkets are to prevail in the smaller settlements. |
|
The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more
Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more
Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more