The Black Sea Trade and Development Bank (BSTDB) is providing a loan of EUR 31 million to Orexim Group, one of the leading transshipment and exporting companies in Ukraine.
The BSTDB financing will support the modernization and expansion of the Group’s Nikolaev Grain Terminal to increase its storage capacity from 60,000 mts to 150,000 mts. The projected grains throughput capacity of the Grain Terminal is about 2 million mts.
«The loan provided by BSTDB to Orexim Group is another evidence of the strength of Ukrainian agriculture sector and its global importance. The Grain Terminal and its construction will create several hundred jobs and future inflows will significantly benefit both regional and countrywide development. Orexim Group highly values the Bank’s trust and future fruitful cooperation,» said Sergii Prysiazhniuk, Orexim CEO after the signing of the loan agreement.
Note: 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.