VTB Bank (Armenia) to allocate $20mln to Mika group of companiesMarch 16, 2011 - 16:01 AMT PanARMENIAN.Net - As part of corporate business development, VTB Bank (Armenia) CJSC signed a letter of credit arrangement for Mika group of companies at the amount of $20mln. The relevant agreement was signed by Director General, Chairman of the Bank Board of Directors Valeriy Ovsyannikov and President of Mika group of companies Mikhail Baghdasarov on March 16. "In the framework of the strategy for corporate business development, VTB Bank (Armenia) successfully cooperates with many large companies of Armenia in various sectors of economy – energy, mining, transportation and communication," said Ovsyannikov. Baghdsarov noted for his part that he is satisfied with the level of cooperation with the ban, which will facilitate development of Armenia's economy. According to him, major part of the provided funds will be spent for purchase of Be-200 aircrafts from Lufthansa. The aircrafts will be exploited by Armavia company. 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 | Macron honors Charles Aznavour on 100th anniversary French President Emmanuel Macron has paid tribute to the memory of French-Armenian crooner Charles Aznavour. Erdogan’s approval rating falls below 40 percent: survey A total of 53.4 percent of respondents said they disapprove of the performance of Erdoğan. Blinken says U.S. reviewing a number of aid requests from Armenia He said the U.S. is reviewing the requests to determine what more it can do to increase its assistance to Armenia. At least 2 CSTO members participated in preparing 44-day war against Armenia – PM Nikol Pashinyan has declared that at least two CSTO member countries participated in preparations for the 44-day war against Armenia. |