BAKU, Azerbaijan, June 23. The Board of Directors of the Black Sea Trade and Development Bank (BSTDB) has approved three projects worth $40 million in Azerbaijan since early 2022, Dmitry Pankin, BSTDB President said in an exclusive interview with Trend.
He noted that these projects are related to the spheres of energy and finance.
“We have signed an agreement with Azerbaijan’s state oil company SOCAR only on one of these projects. We expect to sign agreements on the remaining two during the upcoming business forum to be held June 24, 2022,” said Pankin.
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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