  Are bankers independent of politics? January 20, 2012 - 15:39 AMT PanARMENIAN.Net - Banking legislation stipulates that political developments do not affect Armenian business community, Araratbank CEO said. “Though business environment is sensitive to any political changes, we must note that forthcoming elections will not be held for the first time in Armenia,” Ashot Osipyan said, adding that elections don’t seriously affect the banking sector. Armenia will see subsequent parliamentary and presidential elections in May, 2012 and 2013 respectively. Russian presidential elections will be held on March 4, 2012, with parliamentary ones already held on December 4. Deputy Chairman of the Eurasian Development Bank (EDB) Dmitry Zhurba, in turn, noted that under the EDB Code of Ethics, bank employees are banned to comment on the political situation of EDB member states.   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 |  Latest news About 173 million drams and more than 30 beneficiary funds. "The Power of One Dram" is 4 years old  In June 2020, the exclusive joint corporate social responsibility initiative of Idram and IDBank "The Power of One Dram" was launched.Aliyev travels to Turkey at Erdogan's invitation On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit.CSTO budget “to be adjusted due to Yerevan’s non-payment of contributions” The CSTO budget for the current year requires adjustments due to the refusal of Yerevan to pay their share of contributions.Russia sends note of protest to Armenia over envoy’s trip to Ukraine’s Bucha Russia has sent a note of protest to Armenia over the visit of Vladimir Karapetyan and Tigran Ter-Margaryan to Bucha. |
