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 provides info about arrested Armenian ex-MP Russian law enforcement agencies have provided information about the arrest of Tigran Urikhanyan. Lemkin Institue slams Pashinyan's “cryptic engagement with Genocide denial” The Lemkin Institute is alarmed over Pashinyan’s statements “questioning Armenia's legal basis to pursue justice against Turkey”. 41 detained as antigovernment protests continue in Yerevan 41 people were detained in Yerevan as people demanding Pashinian’s resignation stage campaigns of civil disobedience. Armenia votes for UN resolution granting Palestine new rights The U.N. General Assembly voted by a wide margin on May 10 to grant new “rights and privileges” to Palestine. |