Armenia Central Bank, Germany's KfW seal €15 million loan dealDecember 19, 2017 - 17:37 AMT PanARMENIAN.Net - Armenia's Central Bank and the German KfW Development Bank on Tuesday, December 19 signed a €15 million loan agreement for the financing of energy efficiency projects of micro, small and medium-sized enterprises. The credit will enable those enterprises to acquire more energy efficient and up-to-date equipment. In the framework of the cooperation, technical assistance measures will also be taken to provide consultation to program beneficiaries. The allocation of the credit resources will be implemented through commercial banks and credit organizations which will bear all the risks related to the process. 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 | PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. Azerbaijan razes historic Armenian church to ground Azerbaijan has demolished the historic Armenian Church of St. John the Baptist (known as Kanach Zham). Turkey extends military presence in Azerbaijan The Turkish parliament has adopted a bill submitted by Recep Tayyip Erdogan to extend the mandate of Turkish troops. |