Libya Repaying Bulgaria’s Technoexportstroi

Published June 14th, 2001 - 02:00 GMT
Al Bawaba
Al Bawaba

Libya has reportedly started to repay its debt to the Bulgarian construction company Technoexportstroi. 

Petko Todorov of the political bloc Coalition for Bulgaria was quoted on the Bulgarian news website, Dnevnik, as saying that the money owed was for construction work done since 1996.  

Neither Technoexportstroi nor the government specified what part of the debt had been settled, though the company said it expected to receive some $100 million, with $18 million of this due at the end of October 2001. 

Meanwhile, Libya subcontracted Technoexportstroi for the construction of a large laboratory for HIV treatment and a drug rehab center in Tripoli, Dnevnik said – Albawaba.com

Subscribe

Sign up to our newsletter for exclusive updates and enhanced content