site.btaBDZ Holding Repays Obligations to State Budget

Sofia, August 9 (BTA) - BDZ Holding EAD has begun repaying its obligations to the state budget, which amount to 42 million leva. The funds are provided through an interest-free loan.

The company's obligations have been generated as a result of triggered state collateral for a World Bank loan within a 1995 project on the restructuring of the railways. The settlement of these obligations will help avoid the payment of penalty interests to the amount of 2.7 million leva on an annual basis.