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EBRD's Board approves loan for Bulgarian cosmetics company
A US$ 10 million loan to the Bulgarian personal care trading company, Astera OOD, has been approved by the Board of Directors of the European Bank for Reconstruction and Development (EBRD) at a meeting held on Tuesday, 18 June.
The loan is to assist the financing of the acquisition of Aroma AED, a formerly state-owned manufacturer of personal care products, and to finance the purchase of new equipment. This will help improve quality and increase productivity and employment. The loan agreement is expected to be signed by the third quarter of 1996.
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