  VTB Bank (Armenia) gets $5 mln tranche from EBRD for small business financing December 21, 2010 - 10:48 AMT PanARMENIAN.Net - VTB Bank (Armenia) has received a $5mln tranche from the European Bank for Reconstruction and Development (EBRD) for small business financing. “The program offers solvent debtors to use reliable financial sources for up to 5-year term and 12% interest rate,” said Artak Khachatryan, head of VTB Bank (Armenia) retail department. In January 2009, the EBRD issued $10mln to VTB Bank (Armenia) for small business financing.   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. |
