Armenia to increase BSTDB share to 5%June 21, 2012 - 13:55 AMT PanARMENIAN.Net - The fourth medium-term strategy of the Black Sea Trade and Development Bank (BSTDB) on Armenia has already been approved by BSTDB Board, RA Deputy Minister of Finance said Vardan Aramyan noted that Armenia’s share in the bank portfolio totals 3,7%, increasing it to 5% among the Ministry’s plans. “Reports on Armenia’s economic situation, achievements and government steps on enhancing business environment will be delivered during ‘Business Forum Armenia: Opportunities for Growth and International Experiences’ with specific programs to be discussed,” he said. Dwelling on BSTDB Board annual meeting due on June 24, the Deputy Minister said it will address issues related to redistribution of bank profits, total scores and activities completed in member-sates. 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 condemns Uruguay’s recognition of Armenian Genocide Turkey has condemned a newly passed law in Uruguay that recognizes the Armenian Genocide, TRT reports. For the first time, Armenia votes in favor of Georgia resolution in UN Armenia on Tuesday, June 4 voted for the first time in favor a resolution adopted by the United Nations General Assembly. Moscow warns Armenia against leaving Russian-led defense bloc Armenia could ruin its military ties with Russia if it continues drifting towards the West, according to a senior official in Moscow. Moscow says ready to support Yerevan-Baku reconciliation Moscow has confirmed its readiness to support the reconciliation of Yerevan and Baku. |