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Black Sea Trade and Development Bank has decided to allocate loan of $10 million for the construction of the modern glass factory in Moldova

Post Time:Apr 29,2009Classify:Industry NewsView:332

As InfoMarket agency was informed in the Ministry of Finance of Moldova, according to the decision adopted by the Board of Directors of BSTDB in Istanbul on 10 April, the loan will be granted to the Glass Container Prim for 6 years. The funds will be used to build the factory, which production capacity should make 140 million high-quality bottles per year.

Total cost of the project is $ 34 million. As it is noted in the Ministry of Finance, this is the first project in the real sector of economy in Moldova, which BSTDB funds. Currently, BSTDB introduces in Moldova five projects totaling $ 23 million, designed for the banking sector.

Black Sea Trade and Development Bank is a financial institution, established in 1992 by the states of the Black Sea Economic Cooperation Zone: Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey and Ukraine.

The purpose of the Bank is to promote economic development and cooperation between the Member States.

Source: InfoMarket.mdAuthor: shangyi

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