EBRD TO INCREASE CREDITS TO BG

Business | April 20, 2001, Friday // 00:00

The EU Bank for Reconstruction and Development intends to increase the financing of projects in BG due to the optimistic forecasts for development of business in the country. `We are hopeful about Bulgaria. Last year we doubled the crediting and this year we plan to keep on doing so`, Michael Delia, deputy director of EBRD at the representation in Sofia, said. Last year EBRD allocated $80 M loans to BG. EBRD plans to provide credits worth at least $120 M in 2001.

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