DEPUTIES ARGUE AGAINST ELEM'S NEW LOANS
admin1 – April 25, 2006 – 12:45pm

The conditions for taking loans by AD ELEM from KfW of Frankfurt for provision of equipment for the Brod-Gneotino opencut mine are unfavorable, according to the members of the parliamentary committee for financing and budget. They asked that the law on taking loans by ELEM be taken off the Parliament's meeting agenda.

Although the state does not give a guarantee for the credit of 16,300,000 euro, the adoption of such a law is an obligation arising from the Law on Public Debt Management, under which every loan of the state-run companies should have the Parliament's go-ahead.