BAKU, Azerbaijan, January 20. The Black Sea
Trade and Development Bank (BSTDB) and Agricover Credit IFN have
signed a €12 million financing agreement to support Romania’s
agribusiness sector, Trend reports via the BSTDB.
The facility will provide affordable financing to farmers across
Romania, enabling them to increase productivity, generate added
value, and create employment opportunities. The agreement marks a
continuation of a partnership that began in 2013, through which
BSTDB and Agricover have supported farmers and small- and
medium-sized enterprises (SMEs) in the country.
Dr. Serhat Köksal, President of BSTDB, said: “This new agreement
reflects our confidence in Agricover’s impactful work and in the
resilience of Romanian farmers. By expanding access to finance, we
are enabling farmers to invest, grow, and continue driving one of
Romania’s most vital economic sectors.”
Serhan Hacisuleyman, CEO of Agricover Credit IFN, highlighted
the challenges facing small and medium-sized farmers, including
rising costs, climate volatility, and limited access to traditional
bank lending. “Through this new agreement with BSTDB, we can extend
accessible, dedicated financing exactly where it is most needed,”
he said.
Agricover, a leading agribusiness and agri-finance group in
Romania, operates an integrated model combining financing and
services for farmers. BSTDB, headquartered in Thessaloniki, Greece,
is an international financial institution supporting economic
development and regional cooperation in its 11 member countries,
including Romania.
The new financing underscores BSTDB’s commitment to sustainable
economic development in the Black Sea region and to strengthening
the competitiveness of key industries such as agriculture.
