Tigran Jrbashyan: trade with and from Armenia more civilizedSeptember 6, 2011 - 17:18 AMT PanARMENIAN.Net - Trade with and from Armenia is becoming more civilized in nature, Tigran Jrbashyan, Development Director of Ameriabank CJSC told journalists. According to him, Ameriabank is one of the biggest banks in the country focused on funding trade, offering clients a whole range of relevant tools. Here Jrbashyan noted that the Armenian companies came into closer cooperation with distributors, big companies which in turn requires relevant tools (bank guarantees, letters of credit and so on). “This creates demand and the banks try to meet it,” he emphasized. Jrbashyan added that according to objective indices export dimension develops faster than that of import. “It accounts for price conjuncture in the international market and fostering Armenian manufacturer,” he noted. Adhering to liberal economic views, Jrbashyan sees development both in export and import in sound competition. “Export expansion barriers are fewer than those of import, with the latter in Armenia being monopolized. But under sound competition it is possible to progress here too,” according to the bank official. 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. |