Gazprombank opens USD 50 million credit line for ArmRosGazpromJune 4, 2010 - 16:06 AMT PanARMENIAN.Net - A 5-year credit agreement on opening of USD 50 million credit line has been signed between Gazprombank Russian OJSC and ArmRosGazprom CJSC on June 3. The credit will be provided for Hrazdan hydroelectric station 5th power unit modernization, as well as development of current ArmRosGazprom CJSC activities. The credit line is served by Areximbank - Gazprombank group CJSC Gazprombank affiliated structure. The contract will serve as a step towards implementation of Gazprombank strategic issue on development of effective interaction with RA fuel and energy enterprises. This is the second credit line opened by Russian Gazprombank for ArmRosGazprom CJSC. The first USD 40 million credit agreement for 7 years maturity period was signed in October 2009, Areximbank - Gazprombank group press service reported. 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 | 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. |