Tigran Jrbashyan: trade with and from Armenia more civilizedSeptember 6, 2011 - 17:18 AMT PanARMENIAN.Net - Trade with and from Armenia is becoming more civilized in nature, Tigran Jrbashyan, Development Director of Ameriabank CJSC told journalists. According to him, Ameriabank is one of the biggest banks in the country focused on funding trade, offering clients a whole range of relevant tools. Here Jrbashyan noted that the Armenian companies came into closer cooperation with distributors, big companies which in turn requires relevant tools (bank guarantees, letters of credit and so on). “This creates demand and the banks try to meet it,” he emphasized. Jrbashyan added that according to objective indices export dimension develops faster than that of import. “It accounts for price conjuncture in the international market and fostering Armenian manufacturer,” he noted. Adhering to liberal economic views, Jrbashyan sees development both in export and import in sound competition. “Export expansion barriers are fewer than those of import, with the latter in Armenia being monopolized. But under sound competition it is possible to progress here too,” according to the bank official. 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-Azerbaijan: Turkey wants deal after “positive developments” Turkey hopes “positive developments” in negotiations between Armenia and Azerbaijan will lead to an agreement. Police try to impede Armenian Church head’s access to war memorial Police tried to stop the supreme head of the Armenian Apostolic Church, Catholicos Karekin II, from visiting a war memorial. Greece says ready to help as Armenia fights flooding consequences Greece is ready to assist Armenia in combatting the consequences of deadly floods in the country’s north. “He will leave”: Protest leader no longer demands meeting with Pashinyan Archbishop Bagrat Galstanyan no longer demands a meeting with Armenian Prime Minister Nikol Pashinyan. |