Development Bank of Austria to provide $15 mln credit to AmeriabankSeptember 30, 2013 - 19:04 AMT PanARMENIAN.Net - Development Bank of Austria (OeEB) signed an 8-year agreement with Ameriabank for provision of $15 million in credit. 70% of the sum will be allocated to financing of the medium and small businesses, with the rest to be extended for financing of the programs in the sector of renewable energy and energy conservation. The financing aims to promote the development of small and medium businesses, an important field for Armenia, providing 43% of GDP, as well as major employment possibilities. Financing of renewable energy will stimulate stable development in the sector, for the needs of businesses and population as well. Oesterreichische Entwicklungsbank AG (Development Bank of Austria) - finances investments of private companies in developing countries and emerging markets. We provide loans at near-market conditions, provide capital and increase the developmental effectiveness of our projects with related programs. 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 | Putin congratulates Pashinyan’s birthday Russian President Vladimir Putin congratulated Armenian Prime Minister Nikol Pashinyan on his birthday on June 1. Opposition motorcade en route to Gyumri for large rally A motorcade of protesters headed by Archbishop Bagrat Galstanyan is heading to the city of Gyumri. Ruling MPs, Foreign Minister talk Armenia-Azerbaijan processes MOs from the ruling Civil Contract party met with the Foreign Minister Ararat Mirzoyan in the Armenian parliament. Russia: Armenia’s frozen membership weakens CSTO position in Caucasus A Russian envoy said any step that could alienate the CSTO member states from each other is “deeply wrong”. |