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

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

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