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Bulgaria's railroad company BDZ granted a loan from the World Bank

According to the Bulgarian Deputy Prime Minister and Finance Minister Simeon Djankov, Bulgaria's State-owned railroad company BDZ will be granted a loan from the World Bank after it manages to collect enough revenues so that it can pay at least the interest on its outstanding debt at present exceeding 800 million Lev. Several months ago, the Bulgarian Government and the World Bank signed a memorandum for a loan of  480 million Lev to be used to repay the debt. The loan will be repaid by funds from the State budget while the conditions relate to reforms in the sector to make it more profitable.


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