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Bulgaria Grants Massive Loan to Miserable State Railways

Bulgaria's government will be granting the troubled state-owned railway company BDZ a low-interest loan of BGN 140 M.The loan arrangement is included in a draft law designed to prop up the railway holding adopted by the Bulgarian Cabinet, Transport Minister Alexander Tsvetkov announced.The credit will be provided through the Bulgarian Development Bank; it will have an interest rate of 5....

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