Japanese bank provides $50 mln loan to EDBNovember 25, 2011 - 12:40 AMT PanARMENIAN.Net - Eurasian Development Bank (EDB) and The Bank of Tokyo-Mitsubishi UFJ, Ltd singed an agreement for provision of USD 50 mln loan to EDB. The funding will be allocated to EDB projects on development of finance instruments, micro financing and Small & Medium Enterprises, the bank’s press service reported. Eurasian Development Bank (EDB) is an international financial organization founded by the Russian Federation and the Republic of Kazakhstan in 2006, with Russia, Kazakhstan, Armenia, Tajikistan and Belarus as member states. The EDB charter capital exceeds USD 1.5 bln. 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 | Putin congratulates Pashinyan’s birthday Russian President Vladimir Putin congratulated Armenian Prime Minister Nikol Pashinyan on his birthday on June 1. Opposition motorcade en route to Gyumri for large rally A motorcade of protesters headed by Archbishop Bagrat Galstanyan is heading to the city of Gyumri. Ruling MPs, Foreign Minister talk Armenia-Azerbaijan processes MOs from the ruling Civil Contract party met with the Foreign Minister Ararat Mirzoyan in the Armenian parliament. Russia: Armenia’s frozen membership weakens CSTO position in Caucasus A Russian envoy said any step that could alienate the CSTO member states from each other is “deeply wrong”. |