BSTDBBlack Sea Trade and Development Bank
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The creation of the strategy will be launched after the completion of the overall strategy of the BSTDB, according to the source.
The MoU reaffirms the commitment of BSTDB and ICD to the objective of sustainable economic and social development and emphasizes the importance of effective economic cooperation through undertaking research and capacity-building programs in order to better serve common member countries in the Black Sea region - Albania, Azerbaijan and Turkey.
Last week it was reported that Iskrov would likely resign as BNB governor by the end of November and will be appointed representative of Bulgaria at the Thessaloniki-based (BSTDB).
BSTDB has hired UBS (NYSE:UBS) to arrange the debt issue, the source added.
Turkey, Russia and Greece hold each 16.5% stake in BSTDB which has an authorized capital of EUR 3.3 billion and is based in Thessaloniki, Greece.
BSTDB is an international financial institution established as a multilateral development bank under a UN registered treaty in 1994.
The Black Sea Trade and Development Bank (BSTDB) and the OPEC Fund for International Development (OFID) plan to jointly implement projects in Azerbaijan, the Bank told Trend.
Summary: Black Sea Trade and Development Bank (BSTDB) completed its first GEL-denominated bond offering on August 5, 2016.
Borisov wrote [BG] on Facebook early on Monday that Iskrov "had to vacate the position on his own", since the banking system and central banks are not dependent on governments under the Treaty on European Union.The Prime Minister's remarks came as an explicit response to Bulgarian Socialist Party (BSP) prominent member Georgi Kadiev, who described as likely the reports that Iskrov was to be appointed to the Black Sea Trade and Development Bank (BSTDB) and that was part of the arrangements made with him on the condition he stepped down.
The Black Sea Trade and Development Bank (BSTDB) and Inecobank have signed a USD 5 mln loan aimed at