EFSE: Armenian Opportunities for Enterprise DevelopmentApril 17, 2014 - 16:18 AMT PanARMENIAN.Net - The European Fund for Southeast Europe (EFSE) aims to foster economic development and prosperity in the Southeast Europe region, including the European Eastern Neighborhood region, through the sustainable provision of additional development finance. The Fund offers long-term funding instruments to qualified partner lending institutions to better serve the financing needs of micro and small enterprises and low-income private households. Currently, the EFSE is operating in 16 countries that include Albania, Armenia, Azerbaijan, Belarus, Bosnia and Herzegovina, Bulgaria, Croatia, FYR Macedonia, Georgia, Kosovo, Moldova, Montenegro, Romania, Serbia, Turkey and Ukraine. The Annual Meeting of the European Fund for Southeast Europe is the EFSE's core event. It takes place on a yearly basis – each year in a different city of one of EFSE’s partner countries. Through the EFSE Annual Meeting, the Fund aims to bring together all of its stakeholders, including donors, international financial institutions, private investors, as well as finance practitioners, providing a platform for the exchange of ideas and creation of new ones. This year’s event will be held in Yerevan, the capital of Armenia, from June 17-19 under the motto “16 Countries … and Opportunities for Enterprise Development.” To raise public awareness ahead of the upcoming Annual Meeting, PanARMENIAN.Net launches a project titled Armenian Opportunities for Enterprise Development, which is sponsored by the EFSE and assisted by two of the Fund’s lending partner institutions in Armenia – Araratbank and ACBA-Credit Agricole Bank. The project will tell about people, who used the loans provided by the Fund's partner lending institutions to establish and successfully develop their own business. 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 | Turkey extends military presence in Azerbaijan The Turkish parliament has adopted a bill submitted by Recep Tayyip Erdogan to extend the mandate of Turkish troops. Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skills Armenian, Saudi Foreign Minister meet in Riyadh The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi Arabia Pashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”. |