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. Last Updated: 07/27/2016

Bank to Reopen Ties

A Bulgarian-Russian investment bank, aimed at reviving investment and trade ties lost with the fall of communism, is due to be founded by the end of March, a bank official said.

Emil Kyulev, head of the bank's initiating committee, said more than 50 Bulgarian and Russian firms and banks were among those applying for a stake in the $13.5 million equity capital.