Банкеръ Weekly

Briefs

BRIEFS

Bulgaria will get USD10MN for restructuring its army in accordance with NATO standards. The US Congress approved a decision to assist financially the six countries from the former Eastern bloc, which expect to be invited in 2002 to join the Alliance. By the same decision Romania will get USD11.5MN. The Baltic countries will receive similar amounts. However, the money can be used only after presentation of detailed projects in the sphere of army reform.The Government added another 28 enterprises to the list of companies for target privatisation. Among them are 27 cascades and hydroelectric power plants, for which divestment procedures were opened two weeks ago. The Sofia-based company firm Agromachinaimpex was listed as well. Only cash payment is admitted for the purchase of companies on that list.

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