Armenia Central Bank, Germany's KfW seal €15 million loan dealDecember 19, 2017 - 17:37 AMT PanARMENIAN.Net - Armenia's Central Bank and the German KfW Development Bank on Tuesday, December 19 signed a €15 million loan agreement for the financing of energy efficiency projects of micro, small and medium-sized enterprises. The credit will enable those enterprises to acquire more energy efficient and up-to-date equipment. In the framework of the cooperation, technical assistance measures will also be taken to provide consultation to program beneficiaries. The allocation of the credit resources will be implemented through commercial banks and credit organizations which will bear all the risks related to the process. 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 | Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. Ucom launches network modernization efforts in few regions of Armenia In particular, on March 28, the legacy Mobile Switching Subsystem will be replaced with a new one. |