“Political crisis” to affect Armenia’s banking systemNovember 30, 2011 - 14:01 AMT PanARMENIAN.Net - ACBA-Credit Agricole Bank CEO has said that last year’s 3% decline in lending rates in Armenian banking system is a serious change. According to Stepan Gishyan the trend will continue in 2012, with interest rates depending on the situation in the U.S. and Europe, “where economic crisis has turned into a political one.” Stepan Gishyan assessed 2011 as quite productive for Armenia’s banking system, which remains stable. 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 | 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. Lemkin Institute petition seeks release of Armenians in Azerbaijan The Lemkin Institute is deeply concerned about the continued illegal detention of political prisoners from Karabakh in Azerbaijan. |