  EBD set to double its credit portfolio in Armenia in 2012 March 12, 2012 - 12:52 AMT PanARMENIAN.Net - Eurasian Development Bank has extensive plans with regard to Armenia, deputy chairman of Eurasian Development Bank, Dmitry Zhurba said. “We hope to at least double our credit portfolio during this year; still, we have to see whether circumstances will allow doing this,” he told a press conference on March 12 in Yerevan. The EBD representative reminded that $54 million were allocated to the country's financial sector since the bank launched in activities in Armenia. About $30 million were aimed to direct crediting of trade enterprises and another $10 million were allotted within the framework of the loan agreement for SME funding signed on March 12 with Areximbank-Gazprombank Group CJSC, the total sum thus amounting to almost $100 million.   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. |
