Ashot Osipyan: consolidation of Armenian banks will continueMay 31, 2010 - 15:35 AMT PanARMENIAN.Net - At May 31 news conference, Araratbank CEO Ashot Osipyan forecasted ongoing consolidation of Armenian commercial banks, characterizing the latter as natural process. “Given RA GDP volume and local population size, 11-15 commercial banks are optimal to Armenia,” Ashot Osipyan stated. On March 31, 2010 Ameriabank and Cascade Bank signed consolidation agreement. 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 | Putin congratulates Pashinyan’s birthday Russian President Vladimir Putin congratulated Armenian Prime Minister Nikol Pashinyan on his birthday on June 1. Opposition motorcade en route to Gyumri for large rally A motorcade of protesters headed by Archbishop Bagrat Galstanyan is heading to the city of Gyumri. Ruling MPs, Foreign Minister talk Armenia-Azerbaijan processes MOs from the ruling Civil Contract party met with the Foreign Minister Ararat Mirzoyan in the Armenian parliament. Russia: Armenia’s frozen membership weakens CSTO position in Caucasus A Russian envoy said any step that could alienate the CSTO member states from each other is “deeply wrong”. |