The Black Sea Trade and Development Bank will provide annually up to EUR10 mn for Moldova’s economic growth.
The funding program is running till 2018 and provides for total investments in amount of over EUR41 mn for the private sector and for public infrastructure projects.
The financing will be done in cooperation with Moldovan banks.
The Black Sea Bank generally aims at backing small and middle-seize enterprises, which have significant exporting potential.
Banca pentru Comerţ şi Dezvoltare a Mării Negre este o organizaţie internaţională care activează în baza unui acord semnat în 1994 la Tbilisi de către statele participante la Cooperarea Economică a Mării Negre, inclusiv Republica Moldova.
The Black Sea Trade and Development Bank (BSTDB), an international financial institution with headquarters in Thessaloniki, Greece, was established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine. BSTDB started operations in June 1999 and has authorized capital of €3.45 billion.
The Bank supports economic development and regional cooperation in the Black Sea Region through trade and project finance lending, guarantees, and equity participation in private enterprises and public entities in the member countries.