Saudi Arabia Joins BRICS: A Win For The Global South
Saudi Arabia has formally entered the BRICS group, as announced by the kingdom's state television
Bulgaria ranks 46th in a report of property consultants CBRE on the top destinations for expanding global retail chains.
According to the survey, as cited by investor.bg, some 3% of the polled international retail chains expressed interest in expanding their business in Bulgaria.
Macao, India, Oman and Serbia have similar scores.
Greece ranks 44th, with 4% of the polled describing the country as an attractive destination for expanding their retail business.
Romania, together with Ukraine, is 35th, while Croatia ranks 28th.
At the bottom of the ranking are Bangladesh, Argentina, Sri Lanka, Pakistan, Brazil and Angola, which are attractive markets to only 1% of the polled retailers.
The top 10 of the ranking predominantly consists of European countries such as Germany, France, the U.K., Austria, Sweden, Belgium, Spain, Italy and the Czech Republic. China is 5th, and Turkey 12th.
European retail chains mainly focus on European markets and on expanding businesses in the United Arab Emirates, China and Saudi Arabia.
A similar trend is discernible in the expansion plans of Asian retailers, the most desirable locations being China, Vietnam, Malaysia, Indonesia and Singapore due to an anticipated improvement in consumer confidence.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
As the May holidays mark the onset of sea tourism, Bulgarians and foreigners preparing for their annual getaways are facing a stark reality: trips this year will come with a heftier price tag
Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
In an unexpected turn, Bulgaria and Turkey have been notably absent from the list of the ten cheapest European summer destinations for British tourists
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022