Factored Turnover Increased an Impressive 20% in 2001


Factoring turnover for Bulgaria in 2001 recorded an increase of about 20% and reached a volume of € 96,000,000. The positive tendency is mainly due to the fast development in the Bulgarian retail business, which has followed a gradual and steady pace from 1999 onwards.

This compares with a DEM80m estimate of Bulgaria’s total factored volume in 2000 (reached by analysis of data from the Bulgarian National Bank, DATA BG Information Services and Demirbank Bulgaria).

Further details of this story and of the development of the Bulgarian market are shortly to be published exclusively on factorscan and in the World Factoring Yearbook

Source: Demirbank Bulgaria



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Posted on Feb 1, 2002
Region: Bulgaria