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Modern Retail In Bulgaria Continues To Rise
The modern retail outlets in Bulgaria continue to increase their market share, on the account of the small independent stores, shows a GfK survey, quoted by Dnevnik.bg.
In 2007 the modern retail outlets, such as super- and hypermarkets, held 42% of the FMCG sales, while in 2011 their share reached 55%.
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Retail Chains Contributed BGN 1 B in VAT to Bulgaria's Budget
The entry of the modern retail chains in Bulgaria brought mostly benefits to the country's economy, shows a survey of the Institute for Market Economy (IME).
Their presence in the country “legalized” the turnovers of the retail trade, and brought BGN 5 B to the economy in the period 2004 – 2013. In the same period those chains paid BGN 1 B in VAT.