 VTB Bank (Armenia) to allocate $20mln to Mika group of companies March 16, 2011 - 16:01 AMT PanARMENIAN.Net - As part of corporate business development, VTB Bank (Armenia) CJSC signed a letter of credit arrangement for Mika group of companies at the amount of $20mln. The relevant agreement was signed by Director General, Chairman of the Bank Board of Directors Valeriy Ovsyannikov and President of Mika group of companies Mikhail Baghdasarov on March 16. "In the framework of the strategy for corporate business development, VTB Bank (Armenia) successfully cooperates with many large companies of Armenia in various sectors of economy – energy, mining, transportation and communication," said Ovsyannikov. Baghdsarov noted for his part that he is satisfied with the level of cooperation with the ban, which will facilitate development of Armenia's economy. According to him, major part of the provided funds will be spent for purchase of Be-200 aircrafts from Lufthansa. The aircrafts will be exploited by Armavia company.   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. |
