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Bulgarian online trade jumps by up to 30% in 2008

Date: 24.03.2009

Actually, Bulgarian on-line market is comparable to the European market, Vanchev says. File photo. Bulgarian on-line trade has increased between 20% and 30% for 2008 year-on-year.

Chair of the Bulgarian Association of On-line Traders, Petar Vanchev, announced Thursday, as cited by the Pari Daily.

"Statistics reporting that Bulgarian on-line trade is not developed are completely wrong. In Bulgaria, 90% of payments are done cash, when the item is delivered. In comparison, 90% of the payments in on-line trading in Denmark is done by credit cards, which is why it is considered as more developed market", Vanchev said.

Actually, Bulgarian on-line market is comparable to the European market, he added.

In Vanchev's words, there are almost 1 000 on-line shops, because every website that sells something is referred to as a shop. Nevertheless, the real number of Internet trading companies are not more than twenty, and those with six-digit profit are five or six, he explained.

The global financial crisis has not affected the on-line trade, because the credit market crisis does not have an impact on it., Vanchev said.

"My expectations for 2009 are entirely positive", Vanchev asserts.

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