ProCredit Bank to allocate additional $10mln for SME developmentJune 2, 2011 - 14:10 AMT PanARMENIAN.Net - As part of loan agreements signed with EBRD (London) and BlueOrchard Finance SA (Geneva), ProCredit Bank will allocate additional USD 10mln in 2011 for the development of SMEs. The Bank also negotiates with other reputable international institutions to attract new credit funds and provide them to the local market. Ashot Abrahamyan, Deputy Executive Director of the Bank, said: “SMEs make a dynamic part of Armenia’s economy and play a significant role in ensuring social and economic stability of the country. We will do our best to use this cooperation to the benefit of our customers, allowing them to expand their financial opportunities and business, access new and more attractive markets. At the same time, this cooperation enables us to strengthen our positions at the market and enlarge our client base.” 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 | Pashinyan’s spokesperson denies intention to visit Baku for COP29 Pashinyan’s agenda doesn’t include a trip to Baku for the COP29 conference, his press secretary Nazeli Baghdasaryan has said. Russia accuses West of preparing invasion of CSTO countries NATO is preparing an invasion of the CSTO countries, the number of provocations in the air is growing, Sergei Shoigu has said. Lithuania sending €100,000 to help Armenia fight floods consequences Armenian Prime Minister Nikol Pashinyan took to social media to thank his Lithuanian counterpart for the contribution. Armenia: Rescue workers restore pedestrian bridge for flood-hit community Rescue workers on Wednesday, June 5 restored a pedestrian bridge in the town of Alaverdi in Armenia’s north. |