  Armeconombank signs $10mln syndicated loan agreement with EBRD  June 30, 2010 - 15:23 AMTPanARMENIAN.Net - Armeconombank signed an agreement on the second tranche of syndicated loan at the amount of $10mln for the development of small and medium enterprises. This is the only syndicated loan in the Caucasian region under conditions of the current financial crisis, the press service of Armeconombank reported. Four financial organizations participate in the crediting - EBRD, UniCredit Bank Austria AG (Austria), FBN Bank (UK) Limited (England) and Blue Orchared Finance (Switzerland.) The syndicated loan consists of two parts: $4mln will be provided by EBRD for a 36-month term, while $6mln will be provided by another three organizations for a 12-month term with possible prolongation of the term for another 12 months. The funds will be directed for crediting of companies operating in various fields. Meanwhile, the minimum amount of one borrower's loan will total $500,000.   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 |  Latest news Armenia considers Cyprus as one of its main partners in EU - envoy  Armenia considers Cyprus one of its main partners in the European Union, Ambassador Tigran Mkrtchyan has said.Armenian, Albanian Foreign Ministers discuss ties, regional issues Armenian Foreign Minister Ararat Mirzoyan had a meeting with the Minister of Foreign Affairs of Albania Igli Hasani.POLITICO: Baku lobbying agains detained Karabakh ex-leader abroad Azerbaijan is lobbying agains former Nagorno-Karabakh leader Ruben Vardanyan, according to POLITICO.Armenia confirms will attend NATO summit in Washington Armenia has confirmed its participation in the NATO summit in Washington, a spokesperson has confirmed. |
