 KfW provides 19,5 million euro financing to CBA May 3, 2010 - 14:43 AMT PanARMENIAN.Net - KfW German bank provided a 18-million euro credit and 1.5-million grant to the Central Bank of Armenia within Renewable Energy Aid crediting program. A relevant agreement was signed Monday between KfW first vice-president Roland Siller and CBA president Arthur Javadyan. As Mr. Siller emphasized, the German government intends to finance unprecedented number of infrastructural projects in Armenia. 14 hydropower stations have been already funded in the framework of Renewable Energy Aid crediting program. As of today, financing of Armenian renewable energy sector grosses AMD 24.5 billion.   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 border residents dissatisfied with delimitation  Residents Kirants are dissatisfied with the results of the delimitation of the border between Armenia and Azerbaijan.“Great success”: Pashinyan pleased with new border protocol Pashinyan has described the signing by Armenia and Azerbaijan of a protocol on delimitation in Tavush as “a great success”.Armenia, Azerbaijan sign protocol on demarcation coordinates Armenia’s government took on May 15 another step towards handing over four border areas to Azerbaijan.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. |
