IFC BULGARIA
October 1st, 2003
BY KEITH NUTHALLTHE INTERNATIONAL Finance Corporation (IFC), of the World Bank, will invest US$22 million into modernising and restoring Bulgaria's Stomana steel mill, part of a US$94 million investment programme dominated by Greek steel producer Sidenor. The money will improve the efficiency of the plant - in the Pernik industrial region - enabling it to better produce a wider product range that commands higher values than its current output, as well as improving production methods and environmental performance. Indeed, about US$15 million of the total ...
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