More good news for Bulgaria and again a demonstration that Bulgarian real estate is a very worthwhile investment to base your small to medium enterprise (SME) in Bulgaria.
Bulgaria is now ranking in 2nd place within the European Union in relation to the “debt-to-GDP ratio”, which is a recognised economic indicator of the health of a country’s economy, according to data supplied by Eurostat. In the third quarter of 2012 the correlation between debt and Gross Domestic Product (GDP) was 18,7%.
Earlier this week Bulgaria paid 879,84 million euro and wiped off Euro bonds which had a maturity date of January 15th, 2013 and the “debt-to-GDP ratio” fell down to 14,75%. Only one other EU country, Estonia, is ahead of Bulgaria, which “debt-to-GDP ratio” end of Q3 2012 was 9.6%.
Bulgaria is followed by Luxembourg with 20.9%. The biggest percentage of “debt-to-GDP ratio” has been recorded in Greece – 152,6%, Italy (127,5%), Portugal (120,3%) and Ireland (117%).
For more details regarding Bulgarian properties and particularly in the Veliko Tarnovo region, with good road infrastructure being on the Bucharest-Istanbul road and Sofia-Varna road, which will accommodate your business requirements contact the writer, Phil, based in Veliko Tarnovo Bulgaria.