Eurasian Development Bank to open representation in Armenia

Eurasian Development Bank to open representation in Armenia

PanARMENIAN.Net - At March 11governmental sitting, terms for establishment of Eurasian Development Bank representation in Armenia were set down.

In 2008, Armenia applied for EDB participation, with bank council confirming Armenia’s membership in December 2008. The agreement on Armenia’s membership was ratified by RA National Assembly on February 3, 2009.

As CBA President Artur Javadyan stated, EDB office in Armenia will be offering a full range of financial services, as well as those of attracting investments from legal persons.

CBA President suggested introducing a point stipulating that EDB banking activities in Armenia are agreed with CBA, without a necessity of licensing.

 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
---