  Gennady Zhuzhlev appointed new Vice Chairman of EDB Executive Board June 16, 2010 - 15:03 AMT PanARMENIAN.Net - On June 3, 2010, Chairman of the Eurasian Development Bank (EDB) Executive Board Igor Finogenov signed a decree, appointing Gennady Zhuzhlev to the post of Vice Chairman of the EBD Executive Board, Managing Director for Projects. Zhuzhlev will be responsible for securing further increase in the investment portfolio, as well as expansion of the bank’s participation in financing of integration projects implemented at territories of member states, the EBD press service reported. Besides, his responsibilities will include development of relations with the EBD largest strategic partners in Russia, Armenia and Belarus, as well as boosting cooperation with relevant ministries and institutions of the EBD member states and other CIS countries, as well as implementation of joint projects with national and international development institutions.    Eurasian Development Bank The EDB was founded on January 12, 2006 in Astana, Kazakhstan following the signing of the Agreement on Establishment of the Bank, which was then ratified by the Republic of Kazakhstan on April 12, 2006 and by the Russian Federation on June 3, 2006. The Bank officially commenced operations on June 16, 2006. The Bank enjoys the status of an international organization and is subject to international law. The Bank was established with a charter capital of US$1.5 billion, of which US$1 billion is contributed by Russia and US$500 million by Kazakhstan. According to the founding documents, any country or international organization can apply to become a member of the EDB. The Bank's mission is to facilitate the development of market economies, economic growth and the expansion of trade and other economic ties in its member states by carrying out investment activities. The Bank strives to become a consolidating element within the financial infrastructure and a catalyst for the expansion of integration processes in the territory of its member states.  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 Armenia-Qatar ties discussed in Doha  The Secretary of Armenia’s Security Council met with the Deputy Secretary General of the National Security Council of Qatar.ARARAT special evening dedicated to Aznavour's 100th Anniv. On May 20 ARARAT legendary Armenian brandy, celebrated the centennial of Maestro Charles Aznavour with a special event.Surveying works underway in Armenia’s Kirants Surveying works are underway in the Armenian village of Kirants in the northern Tavush province.Armenia calls for prohibiting threats of attacks on nuclear facilities Armenia has raised the need for a treaty prohibiting attacks on nuclear facilities devoted to peaceful purposes. |
