Press Releases

BSTDB Loan for Expansion of Grain Terminal in Ukraine


22-Nov-2017

The Black Sea Trade and Development Bank (BSTDB) provided a USD 5 million loan to Novotech Terminal LLC, Ukraine. The 7-year loan will assist the company in expanding and modernizing its grain terminal transshipment complex in the major Odessa Sea Trade Port. The Novotech’s development plan targets to increase the grain terminal’s capacity up to 2,5 million tons per year.

 

“We are pleased to help develop Ukraine’s transport and logistical infrastructure and facilitate the country’s grain exports, in particular to the countries of the Black Sea region. In line with our strategy for Ukraine, the operation will contribute to the country’s competitiveness and integration into the European maritime transport networks” said Ihsan Ugur Delikanli, BSTDB President.


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"Novotech Terminal" LLC is a private stevedoring company, established in 2004 at the Odessa Sea Trade Port in Ukraine. The Company is involved in export, import and transit operations with direct loading of metal and grain through warehousing, providing consumers with a wide range of services.

 

The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. BSTDB is rated long-term “A-” by Standard and Poor’s and “A2” by Moody’s. For information on BSTDB, visit www.bstdb.org.

 

Press contact:
Haroula Christodoulou
Phone: +30 2310 290533
E-mail: cchristodoulou@bstdb.org