Vahram Nersesyants: All-Armenain Bank will stimulate exportDecember 9, 2010 - 14:07 AMT PanARMENIAN.Net - Newly appointed Executive Director of All-Armenian Bank Vahram Nersesyants said that the bank has been established to stimulate export of goods produced in Armenia, securing their high competitiveness in international markets. The bank will not enter the field of commercial banks activity, but will allocate loans and make investments in long-term projects aimed at Armenia’s development, Nersesyants told a briefing on December 9. Vahram Nersesyants noted that the bank’s authorized capital will total $100mln, of which $20mln will be allocated by the government, while the rest sum will be attracted from international structures and private sector. He added that the bank activity should be correct and transparent to prevent interference of political and other forces, what will allow the Bank to achieve success. Information technologies, healthcare, education and tourism will be priority directions of the bank activity. 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 | Armenia, Turkey discuss restoration of historic bridge The meeting took place on May 17 in Ashgabat on the sidelines of an international conference of ministers of culture. EU welcomes Armenia-Azerbaijan “progress” The EU has welcomed “progress” made in the framework of the Armenia-Azerbaijan border delimitation process. Belarus opposition leader slams Lukashenko for Karabakh trip Belarusian opposition politician Sviatlana Tsikhanouskaya has harshly criticized the visit of Lukashenko to Karabakh. Mkhitaryan raises arrest of former Karabakh leaders in Azerbaijan Inter Milan star Henrikh Mkhitaryan has shared a news story about the extension of the arrest of former Karabakh leaders. |