Bulgaria Ranks 13th in Europe in Mall SpaceBusiness | April 3, 2014, Thursday // 12:22| views
Photo by Sofia Photo Agency
Bulgaria ranks 13th in size of its shopping mall space in Europe, a report has shown.
Data quoted by British newspaper The Guardian suggest that Bulgaria, which is often described as the EU's poorest country, is positioned at the upper part of the list.
More shopping centers are to open this year in Bulgaria, including one in the northern city of Pleven on April 12. Three huge malls are expected in the capital Sofia this autumn.
The construction of malls has seen a recent revival across Europe, mostly due to Russian investment.
Russia has erected more than 100 malls in two years and is planning to take over France's role as the country with biggest mall space in Europe.
France is still on the lead with the largest shopping mall space on the continent, with 17.3 M square meters.
The UK ranks second with 16.93 M square meters, and Russia is third, having roughly 16.86 M.
Seventy-three news malls were built in Central and Eastern Europe in the second half of 2013, compared to only 37 in Western Europe.
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