(MENAFN- Trend News Agency)
BAKU, Azerbaijan, July 13. The portfolio
breakdown of the Black Sea Trade and Development Bank (BSTDB) for
Azerbaijan is as follows: support for small and medium-sized
enterprises (47.5 percent), energy (35 percent), real estate (8.4
percent), consumer goods (4.8 percent) and industry (4.4 percent),
Dmitry Pankin, BSTDB President said in an exclusive interview with
Trend.
'The BSTDB has financed 39 projects worth over half a billion
euros in Azerbaijan since the start of operations in line with the
investment priorities of the government. The Bank has been engaged
in such important energy projects as Shah Deniz, at the same time
focusing on SMEs in the non-oil sector. This week we will meet with
interested companies here in Azerbaijan and I am confident that
this will contribute to further development of business projects in
the country,' added the BSTDB president.
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. 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.
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