BAKU, Azerbaijan, December 10. The Black Sea
Trade and Development Bank (BSTDB) has committed 10 million euros
to the SMERemediumCap II Fund, a private equity fund established to
boost the growth and competitiveness of Greek small and
medium-sized enterprises (SMEs), Trend reports via the Bank.
BSTDB invests alongside the EBRD, Hellenic Development Bank of
Investments, Greek banks and other prominent corporate and
individual investors.
SMERemediumCap II will support Greek SMEs and help them gain
access to type and structure of finance they need, promote
development of real economy, support regional trade and investment,
including cross border investments in the neighboring
countries.
The Fund will promote green initiatives, digitalization,
inclusivity, increase resource efficiency and enhance resilience.
The Fund will ensure investing in a socially responsible way,
facilitating green economy transition and supporting social
equality.
The Fund, will contribute to the availability of private equity
capital to small and medium sized enterprises in various sectors
including light manufacturing, food and beverage, health,
hospitality, and business services, to implement their development
and investment plans, scale operations and consolidate their
international presence.
