BALKANPHARMA EXTENDED EUR 21.5 M CREDITS

Business | May 23, 2001, Wednesday // 00:00

Balkanpharma Holding will be granted EUR 21.5 M in credits under an agreement with the European Bank for Reconstruction and Development (EBRD). The agreement was approved a month ago. Some 80% of the crediting will be funneled for the introduction of good management practices (GMP). Balkanpharma`s investments program for the next five years amounts to $46 M. Balkanpharma is the owner of three major Bulgarian medicines producers- the companies in the towns of Doupnitza, Razgrad and Troyan.

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