  Banking system of Armenia is capitalized enough to withstand crisisSeptember 15, 2009 - 16:11 AMT PanARMENIAN.Net - Banking system of Armenia is capitalized enough to withstand financial crisis in Armenia, undergoing the worst stage of crisis, HSBC Bank Armenia Chief Executive Officer Tim Slater believes. In this context, he added that only Latvia's and Lithuania's economy is in a worst state than Armenian is. At the same time , Slater noted that anti-crisis measures realized by RA government, including crediting provided by international structures, will expedite overcoming of financial crisis consequences. ''Russian economy's stabilization will also positively influence economic situation in Armenia.''   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. |
