First joint project of IIB and BSTDB – production of dairy products in European Union
The International Investment Bank (IIB) has signed the first co-financing deal with its long-term partner – the Black Sea Trade and Development Bank (BSTDB). These international financial institutions have granted a EUR 50 million loan with a maturity of 7 years to the Greek group Tyras specialising in production of dairy products. IIB’s share in the total loan amount is 44% (EUR 22 million) and BSTDB’s – 56% (EUR 28 million). The BSTDB is one of IIB’s main partners among IFIs – it accepted… Read more