The FINANCIAL - BSTDB, EBRD and VTB Armenia Help to Start a Modern Meat Processing Plant in Armenia

BSTDB, EBRD and VTB Armenia Help to Start a Modern Meat Processing Plant in Armenia

19/02/2013 05:09 (95 Day 17:30 minutes ago)

The FINANCIAL -- On February 16, 2013, the “state of the art” meat processing plant of NatFood company was officially opened in Yerevan in the presence of H.E. Serzh Sargsyan, President of Armenia.

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The plant, equipped with modern machinery and technologies, will produce a variety of high quality meat products for the local and export markets. The NatFood plant will help boost competitiveness of the meat processing industry and create additional jobs in the country.

The plant opening became possible thanks to constructive cooperation between the Black Sea Trade and Development Bank (BSTDB), the European Bank for Reconstruction and Development (EBRD) and VTB Bank (Armenia), which made available additional financing and restructured previously provided loans to JSC Natfood. As the Black Sea Trade and Development Bank said, the Armenian authorities have extended continuous support to the project.

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