Panarmenian Bank issues open letter on its objectivesMay 21, 2012 - 13:05 AMT PanARMENIAN.Net - Panarmenian Bank issued an open letter, presenting its history and challenges in response to numerous comments on its operation. Panarmenian Bank was established in 2011. It promotes activity of an investment bank, aiming to attract long-term funds from international financial institutions and private sources. Its objective is to ensure development and financing of investment programs. On February 15, the bank became NASDAQ OMX Armenia member. The bank’s operation is coordinated by RA Law on Panarmenian Bank, particularly financing of the private sector. According to the bank’s press service, all those interested in the financial institution’s activity are welcome to get relevant information from Panarmenian Bank experts. 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 | U.S. warns Georgia not to side with Moscow against the west Georgia has been warned by the U.S. not to become an adversary of the west by falling back in line with Moscow. Power of One Dram sums up two-year program with Teach for Armenia Idram Junior also joined the companies during the visit, bringing with it a fascinating intellectual game for children Moscow slams EU mission in Armenia for “provocative activity” The EU mission is doing more and more against Armenia’s neighbors Russia, Azerbaijan and Iran, Mikhail Galuzin said. Yerevan Mayor to travel to Paris on May 15-19 The official delegation headed by Yerevan Mayor Tigran Avinyan will travel to Paris from May 15 to 19. |