EFSE: Armenian Opportunities for Enterprise DevelopmentApril 17, 2014 - 16:18 AMT PanARMENIAN.Net - The European Fund for Southeast Europe (EFSE) aims to foster economic development and prosperity in the Southeast Europe region, including the European Eastern Neighborhood region, through the sustainable provision of additional development finance. The Fund offers long-term funding instruments to qualified partner lending institutions to better serve the financing needs of micro and small enterprises and low-income private households. Currently, the EFSE is operating in 16 countries that include Albania, Armenia, Azerbaijan, Belarus, Bosnia and Herzegovina, Bulgaria, Croatia, FYR Macedonia, Georgia, Kosovo, Moldova, Montenegro, Romania, Serbia, Turkey and Ukraine. The Annual Meeting of the European Fund for Southeast Europe is the EFSE's core event. It takes place on a yearly basis – each year in a different city of one of EFSE’s partner countries. Through the EFSE Annual Meeting, the Fund aims to bring together all of its stakeholders, including donors, international financial institutions, private investors, as well as finance practitioners, providing a platform for the exchange of ideas and creation of new ones. This year’s event will be held in Yerevan, the capital of Armenia, from June 17-19 under the motto “16 Countries … and Opportunities for Enterprise Development.” To raise public awareness ahead of the upcoming Annual Meeting, PanARMENIAN.Net launches a project titled Armenian Opportunities for Enterprise Development, which is sponsored by the EFSE and assisted by two of the Fund’s lending partner institutions in Armenia – Araratbank and ACBA-Credit Agricole Bank. The project will tell about people, who used the loans provided by the Fund's partner lending institutions to establish and successfully develop their own business. 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 | Fly Arna license suspended, says Armenia official The license of the Armenian airline Fly Arna has been suspended for six months, an official says. President stresses Armenia’s clear position to achieve peace On the eve of the International Francophonie Day, the Armenian President met with French intellectuals. Pashinian meets border villagers on possible land transfer to Azerbaijan Prime Minister Nikol Pashinyan has met with concerned residents of two villages in Armenia’s northern Tavush province. Kazakh Foreign Minister arrives in Armenia Kazakh Foreign Minister Murat Nurtleu on Monday, March 18 arrived in Armenia for a two-day trip. |