October 31 (SeeNews) - Bulgaria's government said on Wednesday that it has extended by one year state-owned railway company BDZ Holding's deadline to repay the funds it received from the country last year.
The new deadline is December 30, 2019, the government said in a statement following its weekly meeting.
In August 2017, BDZ Holding received 62 million levs ($35.9 million/31.7 million euro), which it had to repay by the end of 2018.
A total of 20 million levs were intended to cover payments due on BDZ’s second bond issue, while the remaining 42 million levs were needed by the company to repay a loan provided by the World Bank, Bulgaria's government said at the time.
(1 euro = 1.95583 levs)