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BSTDB offers loans to Georgian businessmen

Business Materials 27 July 2010 17:32 (UTC +04:00)

Georgia, Tbilisi, July 27 / Trend N. Kirtskhalia /

Georgian Prime Minister Nika Gilauri calls on the private sector to use loans from international organizations, he said. One of those sources is the Black Sea Trade and Development Bank (BSTDB). Finance Minister Kakha Baindurashvili attended a meeting of the Board of Directors.

"This is really very important means. The private sector either can not or does not want to master funds allocated for Georgia," Gilauri said.

He called on Minister of Finance to gather representatives of the private sector and acquaint them with information about the funds of international organizations to be involved as additional resources. Gilauri also said that these are resources that can enter freely to Georgia.

In his turn, Baindurashvili said that the interest rate on loans of the bank will be quite acceptable. It is 8 percent per annum.

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