Panarmenian Bank issues open letter on its objectivesMay 21, 2012 - 13:05 AMT PanARMENIAN.Net - Panarmenian Bank issued an open letter, presenting its history and challenges in response to numerous comments on its operation. Panarmenian Bank was established in 2011. It promotes activity of an investment bank, aiming to attract long-term funds from international financial institutions and private sources. Its objective is to ensure development and financing of investment programs. On February 15, the bank became NASDAQ OMX Armenia member. The bank’s operation is coordinated by RA Law on Panarmenian Bank, particularly financing of the private sector. According to the bank’s press service, all those interested in the financial institution’s activity are welcome to get relevant information from Panarmenian Bank experts. 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 | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |