Trade Financing Academy to open in Armenia in JuneMay 4, 2010 - 15:38 AMT PanARMENIAN.Net - HSBC Bank Armenia CEO Astrid Clifford and Director of the National Center for Small and Medium Business Development Ishkhan Karapetyan said Tuesday that Trade Financing Academy will be established in Armenia. The Academy is expected to start its activity in mid-June, with lectures on trade financing and international trade transactions. According to Stuart Nivison, Head of HSBC Trade and Supply Chain Europe, in contrast to many Asian countries, in which the international trade is active and technologies are developed, in Armenia, as a former soviet republic, mechanisms in the field are complete yet. "Armenian businessmen lack relevant knowledge and experience in international trade transactions. Given 140 years of activity, HSBC Bank can be useful in providing financial education to Armenian exporters and importers," he stressed. Lectures at the Academy will be given by experts of the HSBC Bank Armenia trade financing department. 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 | Aliyev: No peace treaty unless Armenia changes constitution Azerbaijan will not sign a peace treaty with Armenia unless the latter changes its constitution, Azerbaijani President Ilham Aliyev said. Seven injured in massive gas station explosion in Armenia The Investigative Committee of Armenia has unveiled details about a massive explosion at a gas station on the Yerevan-Sevan highway. Pashinyan’s spokesperson denies intention to visit Baku for COP29 Pashinyan’s agenda doesn’t include a trip to Baku for the COP29 conference, his press secretary Nazeli Baghdasaryan has said. Russia accuses West of preparing invasion of CSTO countries NATO is preparing an invasion of the CSTO countries, the number of provocations in the air is growing, Sergei Shoigu has said. |