ACBA-CREDIT AGRICOLE Bank to spend $17 mln on financing SMEsAugust 27, 2018 - 18:33 AMT PanARMENIAN.Net - ACBA-CREDIT AGRICOLE Bank and the European Bank for Reconstruction and Development (EBRD) have signed a loan agreement worth $17 million, the Armenia-based bank's press service said in a statement. ACBA said it will use the loan to finance small and medium-sized businesses in Armenia. Accordingly, $3 million will be spent on financing enterprises established or headed by women under the Women in Business program, while some $4 million will go to the implementation of energy-efficient projects through ACBA-Leasing, a member of the ACBA-CREDIT AGRICOLE financial group. Under the agreement with the EBRD, ACBA-CREDIT AGRICOLE Bank will finance SMEs mainly in Armenian drams. 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 | European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |