The SAPARD selection panel approved on Monday 18 INVESTMENT PROJECTS out of 34 applications. Most of them concern investments in farming machinery.
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LUKOIL NEFTOCHIM will invest USD 20 M in an overhaul and upgrade of the catalytic cracking installation in the beginning of 2002.
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The WORLD BANK will adopt its 2001-2004 strategy for Bulgaria in the fall, the bank`s chief expert Souman Mera announced on Monday. Prompting economic growth, fighting poverty and raising the living standards are among the strategy`s priorities.
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BALKANICA EXPO opened in Varna on Monday. Among the participants are more than 90 companies from South-eastern Europe, Italy, Russia, Belarus and Ukraine.
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A mission of the JAPANESE BANK FOR INTERNATIONAL COOPERATION arrives to Sofia in end-September to discuss the terms of the USD 104,041,389 credit, which is to be extended to the Sofia subway. The annual interest on the loan will be 2.2% /in JPY/. The total term of the loan will be 30 years, the first ten of which will be a grace period.

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