Byblos Bank Armenia to focus on SME financing in 2012December 28, 2011 - 21:05 AMT PanARMENIAN.Net - Byblos Bank Armenia fully allocated USD 5 mln funding extended by European Bank for Reconstruction and Development (EBRD) in 2011. The funding was spent on promotion of production, services and processing sectors. Also, recently, in a deal that increases assistance to small and medium businesses in Armenia, European Fund for Southeast Europe (EFSE) arranged AMD 875 mln and USD 3 mln loans to Byblos Bank. 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”. |