  EDB facilitates turnover among its member states  December 16, 2010 - 16:51 AMTPanARMENIAN.Net - EDB Deputy Chairman of the Executive Board, Managing Director for Investments Marat Djaukenov said that the Eurasian Development Bank (EDB) has already signed four project with banks of member states, out of which 2 projects are implemented in Armenia. The total amount of projects for Kazakhstan and Armenia made $94mln, Djaukenov said in Yerevan on December 16. “The funds have been allocated for the development of energy, food industry, agriculture, pharmaceutics, maintenance of trade turnover between the EDB member states,” said Djaukenov. He added that 1,800 jobs have been created in Kazakhstan and Armenia, including 600 jobs in Armenia, through the EDB funds. On December 16, Ameriabank CJSC and EDB signed an agreement in Yerevan, under which the Armenian bank will receive a $30mln credit line for financing small and medium enterprises. The EDB was established by Russia and Kazakhstan in January 2006 to facilitate market economy development in its member states. The bank authorized capital is above $1.5bln. Russia, Kazakhstan, Armenia and Tajikistan are among the bank 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 Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals  Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan.Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush.Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |
