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Black Sea Trade And Development Bank To Invest In Armenia

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  • Black Sea Trade And Development Bank To Invest In Armenia

    BLACK SEA TRADE AND DEVELOPMENT BANK TO INVEST IN ARMENIA

    news.am
    June 21 2011
    Armenia

    Black Sea Trade and Development Bank (BSTDB) signed a credit-contract
    on financial development with French Proparco institute to invest ~@20
    million for projects' implementation in the region of the Black Sea.

    The credit term is allocated for ten years, Finmaket informs. The
    money will go for implementing projects in Armenia, Azerbaijan,
    Georgia, Moldova, Turkey and Ukraine. The main fields of investment
    include microfinance, healthcare, education, tourism, and installment
    of energetic sources.

    BSTDB was founded by eleven member states: Russia, Greece, Bulgaria,
    Ukraine, Romania, Albania, Azerbaijan, Armenia, Georgia, Turkey
    and Moldova.

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