Банкеръ Weekly

Briefs

WATER LOAN PROJECT DIRECTOR DISMISSED

Borislav Petrov, Head of the Water Loan Project Department, has been fired. The official reason is his absence from work for nearly half a month. Mr. Petrov has not been found for comments.The Water Loan Project is worth USD42MN and is financed by the World Bank. It includes rehabilitation of the water distribution networks in 21 municipalities in Bulgaria, as well as consultations on the future concession of profit-making water supply and sewage companies. Part of the water credit has been used for financing the agreement with the Dutch Arkadis company, which had to consult and prepare the concession of the water supply and sewage companies in Varna and Shoumen. The concession of the two companies may not come to a successful conclusion.

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