Vahram Nersesyants: All-Armenain Bank will stimulate exportDecember 9, 2010 - 14:07 AMT PanARMENIAN.Net - Newly appointed Executive Director of All-Armenian Bank Vahram Nersesyants said that the bank has been established to stimulate export of goods produced in Armenia, securing their high competitiveness in international markets. The bank will not enter the field of commercial banks activity, but will allocate loans and make investments in long-term projects aimed at Armenia’s development, Nersesyants told a briefing on December 9. Vahram Nersesyants noted that the bank’s authorized capital will total $100mln, of which $20mln will be allocated by the government, while the rest sum will be attracted from international structures and private sector. He added that the bank activity should be correct and transparent to prevent interference of political and other forces, what will allow the Bank to achieve success. Information technologies, healthcare, education and tourism will be priority directions of the bank activity. 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. |