Black Sea Trade & Development Bank to refocus 900 million Euro to assist the industries affected by the crisis
Petre Barac
Posted On March 25, 2020
Black Sea Trade & Development Bank intends to refocus its financing of approximately EUR 900 million, planned for new operations in 2020, to assist the sectors and industries most affected by the turmoil caused by the COVID-19 infection.
In the current critical conditions and changes in market perceptions of risk and liquidity, the Bank continues to assist the small and medium sized enterprises, the most vulnerable segment of companies, and to provide support that our Member Countries and businesses need.
“We will offer additional technical assistance to affected clients to facilitate project preparation, including business plans, feasibility studies, environmental impact assessments, etc. The Bank will focus on assisting municipalities, utilities, manufacturing and pharmaceutical companies being on the front line of the fight against Covid-19,” BSTDB said.
The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine.
