Oesterreichische Entwicklungsbank AG (OeEB), the Development Bank of Austria, set up a Trust Fund at the Black Sea Trade and Development Bank (BSTDB) in October 2008.
Aim of project
The overall aim of setting up the Trust Fund, called "Technical Cooperation Special Fund", is the target to support small and medium-sized enterprises (SME) and the financial sector and to generate projects in the private sector that present joint financing opportunities for BSTDB and OeEB.
The focus of the Fund is to support SME with the development of business plans, feasibility studies, statements of financial conditions according to internationally recognised accounting standards, etc. Financial intermediaries shall receive special trainings for risk management, balance sheet analyses and the like.
Allocation of Funds
Furthermore, Austrian companies or consultants, whose projects comply with the overall intention of the Trust Fund can also be supported by the means of the Fund.These projects may be located in Albania, Armenia, Azerbaijan, Georgia, Moldova, Turkey or Ukraine.
Contact person for further information about the "Technical Cooperation Special Fund"
Black Sea Trade and Development Bank
Ms. Irene Psalti
1, Komninon str.,
546 24 Thessaloniki
Tel. +30 2310 290423
Fax +30 2310 290469
Operator: +30 2310 290400