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Bulgaria Takes out Schuldschein Note Loan via German Banks

Published: October 7, 2013; 11:18 · (Vindobona)

The Bulgarian government has decided to take out a Schuldschein note loan in the amount of € 360m through German banks, media reports claim.

Bulgaria Takes out Schuldschein Note Loan via German Banks / Picture: © Flickr

In order to finance the country’s budget deficit, Bulgaria has decided to take out a Schuldschein loan. This form of loan is not very well known in CESEE countries as it is provided by German banks for the most part and used to raise funds from private enterprises as well as from municipalities and states. As per economists, this form of loan is less expensive and faster to arrange.…

This article includes a total of 122 words.

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