www.zfenglish.com - Last update 23:19
Bucharest Seeks To Borrow EUR800M
08.31.2011
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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