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The Black Sea Trade and Development Bank (BSTDB) will provide USD 3 million to Moldovan Joint Venture “Glass Container Prim”, a Joint Stock Company. The eight-year BSTDB loan will finance the expansion of the Company’s production of high quality glass containers and will help increase its competitiveness. The loan will also help restructure the Company’s debt to achieve financial stability.

The BSTDB loan is extended in parallel with a USD 10 million facility provided by the International Finance Corporation (IFC), following combined USD 16.3 million debt-equity swaps by the company’s main shareholders. The BSTDB and IFC parallel loans were agreed in the framework of the Master Cooperation Agreement signed between the two development institutions in 2010.
 
The operation is expected to have a high developmental impact through the transfer of modern technology, employment creation, and by supporting the economic recovery of Moldova. It will also contribute to the expansion of trade of raw materials, components and quality glass containers between Moldova, Bulgaria, Romania, Russia, Turkey and Ukraine.