EIB TO BECOME BG LARGEST CREDITOR

Business | April 26, 2001, Thursday // 00:00

Investment banks will gradually replace the IMF and EBRD as creditors for BG, BG Finance Minister M. Radev upon his return from the EBRD annual meeting. According to him, EIB is becoming BG largest creditor by financing different projects in the country worth a total of EUR 850 M. During the next year and a half the bank is ready to give BG another EUR 600-700 M. The priority projects for now are Danube Bridge II, the Trakiya highway and transport corridor Sofia-Kalotina-Nis.

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