Russia’s Gazprombank saw 31% net profit increase in Q1 2011August 30, 2011 - 13:03 AMT PanARMENIAN.Net - Gazprombank, the banking arm of Russian energy giant Gazprom, saw its January-March 2011 net profit increase 31 percent year-on-year to 30.988 billion rubles ($1.07 billion) to IFRS, Gazprom said in a statement on Tuesday, August 30. Gazprombank assets rose to 2.016 trillion rubles in the first quarter of 2011 compared to 1.759 trillion rubles the first quarter of 2010. Liabilities edged up to 1.776 trillion rubles in January-March 2011 from 1.539 trillion rubles, year-on-year, the bank said, RIA Novosti 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 | Ucom Celebrates Telecommunication Day May 17 commemorates the founding of the International Telecommunication Union on May 17, 1865. Armenian, Azerbaijani heads of parliament meet in Switzerland President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova. Border residents overnight on highway to protest Armenia’s Residents of Kirants continue to express outrage over the government’s decision to cede land to Azerbaijan. Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. |