Financed ProjectsOliva Bulgaria-Trade Finance Facility II

Identification Code:

OP/20/0030

Total Operation Cost:

35.000.000

Maturity:

36 months

Operation Status:

Description and Purpose of the Operation:

Provision of a medium-term trade-finance facility to Bulgaria’s leader in vegetable oil production, Oliva AD, Bulgaria and Oliva’s parent company, Buildcom EOOD, to finance their trade finance and grain supply needs.

Countries of Operation:

Bulgaria (100,00 %)

Financial Product:

Loans

Sector:

Consumer Staples

Domain:

Private

Borrower/Client:

Oliva AD, Bulgaria and Buildcom EOOD, Bulgaria

Co-Financiers/Participants:

n.a.

Guarantors/Sponsors:

n.a.

Developmental and Regional Cooperation Impact:

The operation has the potential to have some regional cooperation impact, as the financing is to support the Group's operations in boosting production capacity and exports from Bulgaria. Given that some BSTDB member countries are important trade partners of Bulgaria, the facility will have positive impact on regional cooperation. The companies are increasing their presence regionally, therefore, BSTDB support may help them to compete internationally.

Environmental Classification and Impact (summary):

The Operation has been categorized B in accordance with the BSTDB’s Environmental and Social (E&S) screening criteria whereby impacts are likely to be site specific, readily identifiable and addressed through relevant mitigation measures.

Operation Leader:

General Industries, Transport, Tourism 2

E-mail:

gitt2@bstdb.org