Big Business to Invest 200 m in Varna
"Vazrazhdane" Club buys out bonds emission of the BG seaside capital
Members of the "Vazrazhdane" business club will buy out bonds emission worth of 3 million euro that Varna municipality is to release on the internal financial market, said chairman of the club Emil Kjulev. Mayor Kiril Yordanov announced the credit rating of Varna. The grade was B2. In the first six months of the year members of the club invested over 100 million levs in Varna, Kjulev said. By the end of 2002 the investments will double up. They are channeled primarily to tourism and privatization.