EBRD
June 1st, 2001
BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development is to lend Euro 21.5 million to Balkanpharma, Bulgaria's leading producer of pharmaceuticals, to support the modernisation of three production sites. It is hoped that the reforms will enable the recently privatised company to raise its standards to meet European Union and Bulgarian official good manufacturing practice levels, allowing it to maintain traditional export and domestic markets and increase its access to the EU.
THE EUROPEAN Bank for Reconstruction and Development is to lend Euro 21.5 million to Balkanpharma, Bulgaria's leading producer of pharmaceuticals, to support the modernisation of three production sites. It is hoped that the reforms will enable the recently privatised company to raise its standards to meet European Union and Bulgarian official good manufacturing practice levels, allowing it to maintain traditional export and domestic markets and increase its access to the EU.
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