Bulgarian MPs Approve €70 Million Loan for Railways

balkan insight

13 Apr 2011 / 11:50

Bulgarian MPs approved on Wednesday a loan of BGN 140 million (€70 million) for the state railway operator, BDZ, which will be used for paying off debts to creditors and suppliers.

Novinite (Sofia Press Agency)

The sum will be provided from the central budget and it will be a loan from the Bulgarian Development Bank. The money will be refunded in the state treasury after the company receives a loan from the World Bank...more...

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