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

Ameriabank official: Armenia has no alternative to export development

Ameriabank official: Armenia has no alternative to export development

PanARMENIAN.Net - The export sector is currently far the most promising and is of interest to Ameriabank CJSC, the bank’s development director said.

“There are no alternatives to export enhancement for such small countries as Armenia,” Tigran Jrbashyan told a press conference.

Given the current inflation rate, he noted favorable conditions for boosting the export potential in the face of gradual devaluation of the national currency, with major investment projects being implemented.

Mr. Jrbashyan further cited allocation of USD 60 mln. for financing the trade sector among the fair outcomes recorded in the half-year, with the annual factoring having increased five times.

 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