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Bulgaria leasing market seen up 50% in 2008

Date: 25.04.2008
The Bulgarian leasing market is headed for a growth of 40-50% in 2008 and should achieve further gains of 30% to 40% annually over the next 2-3 years, said the Bulgarian Association for Leasing (BAL). The leasing of real estate is primed for significant growth because it still has market share of less than 10%. BAL data shows that new leasing deals topped BGN 2.7 billion last year with leasing penetration reaching around 11%. Receivables under leasing contracts reached 7% of the nation's GDP in 2007.
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