BSTDB allocates EUR 30 million to support Georgia, Albania, Armenia, Azerbaijan, Moldova, Ukraine

10:47, 25.05.2020

The Black Sea Trade and Development Bank (BSTDB) has signed a EUR 30 million facility from the Development Bank of Austria (OeEB) aimed to finance private sector projects and investment programs in the industry, agriculture and service sectors, as well as to provide working capital and export financing in Albania, Armenia, Azerbaijan, Georgia, Moldova and Ukraine.

As BSTDB stressed in an official statement, “the main beneficiaries of the facility will be small and medium-sized enterprises (SMEs), which is the category most affected by the impact of the Covid-19 pandemic and as such prioritized by BSTDB.”

Economics

BSTDB

The Black Sea Trade and Development Bank