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Plovdiv fair to take on modernization aimed credit

Date: 27.03.2008

Ministry of Economy approved plans for Plovdiv fair to draw credit for modernization.

In December 2007 fair director Georgi Gergov made 3 proposals for finding EUR 100 million for the development of the area, including mortgage loan. Minister Petar Dimitrov agreed that such credit is needed to boost rating on the facility. Several years ago the company managing the Plovdiv fair drew BGN 4 million from DZI Bank. The money was used to the construction of parking grounds and the credit was duly served.

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