  EDB investments in Armenia may total $500mln May 12, 2010 - 11:46 AMT PanARMENIAN.Net - The Eurasian Development Bank’s (EDB) investments in Armenia may total $500mln “Energy and transport infrastructure are priority industries for us,” Chairman of the EDB Executive Board Igor Finogenov said in an interview with RBC daily. “A memorandum of cooperation was signed with the Ministry of Energy and Natural Resources. Besides, a number of agreements were signed with local major companies, including ArmRosGazprom and South Caucasus Railways. Armbusinessbank was provided a $20-million credit, the funds to be spent to facilitate development of small and medium-sized businesses,” he said.  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 |  Latest news U.S., Armenia sign customs deal  According to Armenian customs data, U.S.-Armenian trade reached $670 million last year.Glendale mayor to visit Yerevan Asatryan last visited Armenia in December 2022-January 2023 as she helped establish a partnership between Armenia’s Opera House and Los Angeles Opera.Ucom’s fixed network launches in Nor Hachn City residents will be able to use fixed-line Internet, mobile communications and television in one package at more affordable prices.Ambassador summoned to Russia returns to Armenia Sergei Kopyrkin has returned to Yerevan more than two weeks after being recalled to Moscow for consultations. |
