Bulgaria Ranks 13th in Europe in Mall Space

Business | April 3, 2014, Thursday // 12:22| Views: 1348 | Comments: 2
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Bulgaria: Bulgaria Ranks 13th in Europe in Mall Space Photo by Sofia Photo Agency

Bulgaria ranks 13th in size of its shopping mall space in Europe, a report has shown.

Data quoted by British newspaper The Guardian suggest that Bulgaria, which is often described as the EU's poorest country, is positioned at the upper part of the list.

More shopping centers are to open this year in Bulgaria, including one in the northern city of Pleven on April 12. Three huge malls are expected in the capital Sofia this autumn.

The construction of malls has seen a recent revival across Europe, mostly due to Russian investment.

Russia has erected more than 100 malls in two years and is planning to take over France's role as the country with biggest mall space in Europe.

France is still on the lead with the largest shopping mall space on the continent, with 17.3 M square meters.

The UK ranks second with 16.93 M square meters, and Russia is third, having roughly 16.86 M.

Seventy-three news malls were built in Central and Eastern Europe in the second half of 2013, compared to only 37 in Western Europe.

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» To the forumComments (2)
#2
Peter Pan - 6 Apr 2014 // 07:18:57

i`ve been to the shopping malls in Sofia, most are selling outdated goods that are probably the left overs from retailers in western Europe. And they are far too expensive, more expensive than western Europe, it doesn`t make sense.
Having said that there isnt anything else to do in Sofia except shopping malls.

#1
Fr Jack Hackett - 4 Apr 2014 // 09:38:30

It is all very well having the mall space but if nobody can afford the rents the spaces are left empty. In fact locally 2 malls out of 3 are mostly empty. Despite this I believe a 4th one is being built!