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 | 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. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. 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. |