Hungary says ready to start talks on joining Eurasian Development BankNovember 29, 2019 - 15:27 AMT PanARMENIAN.Net - Hungary is ready to start talks on joining the Eurasian Development Bank (EDB) as a full member, Finance Minister Mihály Varga told a conference in Moscow on Friday, November 29, Hungary Today reports. Joining the EDB would make inroads into new markets and open up new sources of financing for Hungarian companies, as well creating opportunities for new investments in the Hungarian economy, the minister said. "If accession talks are successful, Hungary will join a well capitalised financial institution that international credit rating agencies say has a strong financial profile and whose operation is in line with generally accepted international practices," he added. The EDB was established by Russia and Kazakhstan in 2006 “to promote economic growth in its member states, extend trade and economic ties among them, and support integration in Eurasia through investment”, according to the lender’s website. Since it was founded, Armenia, Tajikistan, Belarus and Kyrgyzstan have become full members. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. Ucom launches network modernization efforts in few regions of Armenia In particular, on March 28, the legacy Mobile Switching Subsystem will be replaced with a new one. |