  Black Sea Trade and Development Bank to finance Armenian agricultureMarch 24, 2011 - 11:02 AMT PanARMENIAN.Net - A delegation of Black Sea Trade and Development Bank (BSTDB) is in Armenia to present the strategy plan for the next 3-4 years. According to BSTDB Armenia manager Vardan Aramyan, 10 programs estimated at $70 million were financed by the bank as of 2010. “This year, financing of agriculture will be a priority,” he said. The BSTDB will also enlarge its portfolio for industry financing and the banking sector, where the emphasis will be laid on SME financing. “Such strategy will benefit the Armenian economy development,” Aramyan said. For his part, BSTDB President Andrey Kondakov noted that although Armenia has a small share in the bank (1% or 5.3 mln euros), the country was the first to express willingness to make its contribution to the bank’s capital. As to plans for 2011, he said expansion of credit portfolio and its diversification is envisaged.   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 Armenia-Qatar ties discussed in Doha  The Secretary of Armenia’s Security Council met with the Deputy Secretary General of the National Security Council of Qatar.ARARAT special evening dedicated to Aznavour's 100th Anniv. On May 20 ARARAT legendary Armenian brandy, celebrated the centennial of Maestro Charles Aznavour with a special event.Surveying works underway in Armenia’s Kirants Surveying works are underway in the Armenian village of Kirants in the northern Tavush province.Armenia calls for prohibiting threats of attacks on nuclear facilities Armenia has raised the need for a treaty prohibiting attacks on nuclear facilities devoted to peaceful purposes. |
