BSTDB Supports the Expansion of Retail Chain in Armenia
OREANDA-NEWS. January 22, 2007. BSTDB provided a USD 7.6 million secured term loan to “SAS Group LLC”. BSTDB’s funds will be used to support the company’s expansion program, which involves the opening of 3 new supermarkets in Yerevan.
BSTDB’s facility will contribute to the development of the food distribution sector, an important element of infrastructure of national economy. It is expected to produce positive effect on standards of living in Armenia, its agribusiness sector, to contribute to the creation of new jobs and promote economic co-operation and trade among several countries of the Black Sea Region.
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