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Romanians buying yachts in Bulgaria

Date: 31.05.2008
Romanian citizens have been purchasing yachts in Bulgaria because there is no tax levied on luxury items here, which makes these purchases nearly 12% cheaper than deals struck in Romania, Hypo-Alpe-Adria Leasing executive manager Horst Ebhart said. Mr. Ebhart explains the luxuty goods business in Bulgaria has been rapidly developing over the last couple of years, mainly because Bugarians like to show off.
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