// IP Marketing video - START// IP Marketing video - END

CBA warns against participating in MMM 2011 financial pyramid

CBA warns against participating in MMM 2011 financial pyramid

PanARMENIAN.Net - The Central Bank of Armenia disseminated a message, which warns the population about the operation of MMM 2011 financial pyramid in the republic.

According to the CBA message, the scheme’s ideology is based on return of investments with high interest rates in case of attraction of new ones.

“CBA doesn’t issue license for pursuing such activity. CBA warns citizens and organizations about the risks the financial scheme poses to loss of significant means and properties,” the message reads.

 Top stories
The financing will be directed to energy efficiency, renewable energy, agribusiness, food processing, education and healthcare projects.
Gazprom supplies gas to Armenia through Georgia, but the transit agreement expires at the end of 2016, and Gazprom is keen to reduce the fee.
A proposal made at a Cabinet session suggested that the watchdog apply differentiated rates for natural gas and electricity.
The M6 highway is a vital link connecting Armenia with Georgia and beyond, providing the shortest link between the respective capitals.
Partner news