BLACK SEA TRADE AND DEVELOPMENT BANK TO DEVELOP COOPERATION WITH ARMENIA

The Black Sea Trade and Development Bank (BSTDB) intends to develop cooperation with Armenia. As BSTDB press secretary Valery Aksenov told “Mediamax” agency, while cooperating with Armenia the bank abides by its main principles – individual approach to the bank founder countries and implementing regional projects. Aksenov named direct financial contribution to the small- and medium-scale business, as well as projects for financing the building of hydroelectric power stations among the priority directions of the Black Sea Bank activities in Armenia. Let us note that Armenia’s participation in the constitutive capital of the BSTDB makes 2% from the total of $1.3 billion.