Panarmenian Bank issues open letter on its objectivesMay 21, 2012 - 13:05 AMT PanARMENIAN.Net - Panarmenian Bank issued an open letter, presenting its history and challenges in response to numerous comments on its operation. Panarmenian Bank was established in 2011. It promotes activity of an investment bank, aiming to attract long-term funds from international financial institutions and private sources. Its objective is to ensure development and financing of investment programs. On February 15, the bank became NASDAQ OMX Armenia member. The bank’s operation is coordinated by RA Law on Panarmenian Bank, particularly financing of the private sector. According to the bank’s press service, all those interested in the financial institution’s activity are welcome to get relevant information from Panarmenian Bank experts. 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 | Armenian delegation participating in NATO PA session The delegation is headed by Andranik Kocharyan, the chairman of the standing committee on defense and security matters. Schengen visa cost won’t change for Armenia – diplomat The increase in the cost of a Schengen visa will not apply to citizens of Armenia, a Foreign Ministry spokesperson has said. Azerbaijan's defense spending set to increase by 11% Azerbaijan's spending on defense and national security will increase by 11%, according to a fresh bill. Armenian PM’s helicopter makes emergency landing in Vanadzor The helicopter transporting Armenian Prime Minister Nikol Pashinyan made an emergency landing in Vanadzor. |