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Bulgarian leasing market registered 80 per cent growth in 2006
The total amount of leasing transactions reached 2, 253 billion leva (about 1.152 billion euro), Bulgarian National Bank's (BNB) statistics show.
In 2006, the newly-signed leasing contracts grew by 80 per cent, reaching 1,006 billion leva (about 514 million euro).
At the moment, 10 per cent of the Bulgarian economy is driven by leasing. The Bulgarian Leasing Association reported that leasing contracts in 2006 were signed mainly for vehicles (37 per cent), cargo trucks (27 per cent), and machines and equipment (27 per cent).
Property leases account for 7 per cent of the total leasing transaction volume, showing a significant potential for growth.
About 97,6 per cent of the contracts were for financial leasing.
Source: Bulgaria Property Wise
(08.06.2007)