ACBA-CREDIT AGRICOLE Bank to spend $17 mln on financing SMEsAugust 27, 2018 - 18:33 AMT PanARMENIAN.Net - ACBA-CREDIT AGRICOLE Bank and the European Bank for Reconstruction and Development (EBRD) have signed a loan agreement worth $17 million, the Armenia-based bank's press service said in a statement. ACBA said it will use the loan to finance small and medium-sized businesses in Armenia. Accordingly, $3 million will be spent on financing enterprises established or headed by women under the Women in Business program, while some $4 million will go to the implementation of energy-efficient projects through ACBA-Leasing, a member of the ACBA-CREDIT AGRICOLE financial group. Under the agreement with the EBRD, ACBA-CREDIT AGRICOLE Bank will finance SMEs mainly in Armenian drams. 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 | About 32,000 rally in Yerevan to deman Pashinyan’s resignation About 31,700 people attended an opposition rally on Thursday, May 9 in Yerevan demanding the resignation of Prime Minister Nikol Pashinyan. Armenian, Azerbaijani Foreign Minister to meet in Almaty Armenian Foreign Minister Ararat Mirzoyan and his Azerbaijani counterpart Jeyhun Bayramov will meet in Almaty. Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents. |