DRAFT ON BUILDING SOCIETIES SIGNED

Business | September 17, 2001, Monday // 00:00

DSK State Saving Bank and the Bavarian Building Society drafted a joint bill. `The aim of the bill is to invigorate the building societies in Bulgaria,` said Helmut Straubinger, Senior Vice President of the Bavarian Building Society. Straubinger and Peter Langkamp, Managing Director of the Foundation of German Savings Banks Foundation for International Cooperation, met with the Regional Development and Public Works Deputy Minister Belin Mollov to discuss the bill. `We are willing to help the Bulgarian Government to establish contacts with the German federal service for supervision of crediting,` said Straubinger. According to Mollov, the introduction of a housing savings network is possible.

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