Banking system of Armenia is capitalized enough to withstand crisisSeptember 15, 2009 - 16:11 AMT PanARMENIAN.Net - Banking system of Armenia is capitalized enough to withstand financial crisis in Armenia, undergoing the worst stage of crisis, HSBC Bank Armenia Chief Executive Officer Tim Slater believes. In this context, he added that only Latvia's and Lithuania's economy is in a worst state than Armenian is. At the same time , Slater noted that anti-crisis measures realized by RA government, including crediting provided by international structures, will expedite overcoming of financial crisis consequences. ''Russian economy's stabilization will also positively influence economic situation in Armenia.'' 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 | Concept to complete Yerevan Cascade discussed at city hall A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte. Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province. €3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms. Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |