  Byblos Bank Armenia to focus on SME financing in 2012 December 28, 2011 - 21:05 AMT PanARMENIAN.Net - Byblos Bank Armenia fully allocated USD 5 mln funding extended by European Bank for Reconstruction and Development (EBRD) in 2011. The funding was spent on promotion of production, services and processing sectors. Also, recently, in a deal that increases assistance to small and medium businesses in Armenia, European Fund for Southeast Europe (EFSE) arranged AMD 875 mln and USD 3 mln loans to Byblos Bank.   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 |  Latest news Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty  Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza.Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations.Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |
