BSTDB, OeEB agree €30m financing deal

The Black Sea Trade and Development Bank (BSTDB) has signed a €30 million deal with the Development Bank of Austria (OeEB) aimed to finance private sector projects and investment programs in the industry, agriculture and service sectors.

The facility will also provide working capital and export financing in Albania, Armenia, Azerbaijan, Georgia, Moldova and Ukraine. The main beneficiaries will be small and medium-sized enterprises which are most affected by the impact of the COVID-19 pandemic.