Statement:
In Bulgaria, startup ecosystem seems to be more developed than in Luxembourg

In the Startup Ecosystem Index rating Bulgaria holds position #36 ²⁰²² out of 99 and Luxembourg is #40 out of 99 ²⁰²².
Position of Bulgaria is better than position of Luxembourg.

Referencies:

1. Startup Ecosystem Index ²⁰²² by StartupBlink

   The countries in the rating sorted by 'Total Score' in descending order.

   Bulgaria	'Total Score' value is	5.961
   Luxembourg	'Total Score' value is	5.447