 IFC, EBRD and CRG Capital created special fund for restructuring assets.January 14, 2010 - 15:52 AMT PanARMENIAN.Net - Member of the World Bank , International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD) and the CRG Capital company have established the first fund, aiming to invest in troubled assets of Central and East European companies, Yerevan office of IFC reported. The fund will focus on acquisition and improvement of problem assets of Central and Eastern European companies in order to improve the economic situation in the region. Preliminary investments of IFC, EBRD and CRG Capital in the new fund will reach 36 million euros, the fund will likely to amount to 200 million euros in future.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Related sections Latest news U.S. sees “extraordinary” opportunity for peace between Armenia, Azerbaijan  U.S. Secretary of State Antony Blinken believes there is an “extraordinary” opportunity to reach a peace agreement between Armenia and Azerbaijan.Viva: Armenia's leading technology company introduces a new trademark The updated brand Viva reflects a qualitatively new level of digital services.Turkey restoring 500-year-old Surp Sarkis Armenian Church During the program, Sahak Maşalyan, the Patriarch of Türkiye's Armenians, inspected the historic church and offered prayers.BSEC Secretary General due in Armenia on July 1 On July 1, the Secretary General of the Black Sea Economic Cooperation Organization (BSEC) Lazar Comanescu will pay a working visit to Armenia. |
