EBRD to allocate Euro 180 million for RA economy developmentJune 10, 2009 - 18:35 AMT PanARMENIAN.Net - European Bank for Reconstruction and Development (EBRD) announced an intention to allocate Euro 180 million for RA economy development in 2009 - 2010. The bank plans to fund 30 projects implementation to allow RA to overcome financial crisis consequences.In current circumstances, EBRD follows the policy of supporting medium-sized and small business, providing necessary funding through partner banks, the announcement said. Besides, EBRD will offer RA banks credits for energy-saving as well as structural reform projects, on share holding terms. Total EBRD investments for 64 projects' implementation in Armenia comprised over Euro 240 million, slon.ru reported. Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. 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". Partner news | International cybercrime ringleaders arrested in Armenia, Ukraine Europol, Europe's crime agency, has arrested four ringleaders of several cybercrime networks that used botnets. Armenia skips CSTO Defense Ministers meeting A meeting of the Council of Defense Ministers of the Collective Security Treaty Organization countries began in Almaty. Armenian, Iranian foreigh policy chief talk over the phone The Foreign Minister of Armenia once again expressed condolences to his counterpart on the death of the President of Iran. Armenia, U.S. customs authorities to boost assistance with new deal The government has approved an agreement with the U.S. government on mutual assistance between the customs authorities. |