3% of Global Retail Chains Plan Expansion in Bulgaria – CBRE Report
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.
- » Bulgaria Ranks 22nd in World Wine Production
- » Railway Forum 2016 Held in Sofia
- » Bulgaria's Debt At BGN 23.048 B
- » First Sections of North Stream 2 To Be Ready in November
- » Bulgaria MPs Set Up Committee to Investigate Fuels Market, Bobov Dol Mine
- » Tax Declarations To Be Filed Electronically Only As Of 2017