Bucharest Seeks To Borrow EUR800M

08.31.2011 By Iulian Anghel

Bucharest's General Council on Wednesday is discussing borrowing EUR800 million to be used to restructure debt and for future projects. If the councilors approve the project, and the Finance Ministry agrees, considering such a loan would add to the public debt, the loan would be the largest ever taken out by a local authority in Romania.

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Keywords:
BUCHAREST COUNCIL
, LOAN