Burgoignesc South Levantine Trading Company

Following the Catholic victory in the Great Confessional War and flush with their new formal assimilation into the Imperial system the Burgundians looked to reestablish their maritime prowess. Fiannrian and Kiravian merchants had no intention of letting the upstart duchy claim any of their hard earned maritime trade routes and refused to finance the trade expeditions. Instead Jarl I turned to the long time allies of the Burgundians, Faneria. Faneria supplied a large one time fee, but fearing reprisals from Fiannria declined any further aid. With this capital, Jarl I ordered the establishment of the Burgundian North Levantine Trading Company (BNLC). This was followed by the establishment of the South Levantine Company whose purview was trade in Dericania, Urcea, the countries of Southern Levantia and the northern coast of [Sarpedon]], particularly the rich ports of Hekuvia. With the establishment of these Trade Companies, the merchants and noble investors in Burgundie became incredibly rich, but the precedent was set the the government had no direct control over the activities of the companies.