Black Sea Trade and Development Bank to finance Armenian agricultureMarch 24, 2011 - 11:02 AMT PanARMENIAN.Net - A delegation of Black Sea Trade and Development Bank (BSTDB) is in Armenia to present the strategy plan for the next 3-4 years. According to BSTDB Armenia manager Vardan Aramyan, 10 programs estimated at $70 million were financed by the bank as of 2010. “This year, financing of agriculture will be a priority,” he said. The BSTDB will also enlarge its portfolio for industry financing and the banking sector, where the emphasis will be laid on SME financing. “Such strategy will benefit the Armenian economy development,” Aramyan said. For his part, BSTDB President Andrey Kondakov noted that although Armenia has a small share in the bank (1% or 5.3 mln euros), the country was the first to express willingness to make its contribution to the bank’s capital. As to plans for 2011, he said expansion of credit portfolio and its diversification is envisaged. 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 | Armenia Security Council chief traveling to Qatar Secretary of the Security Council of Armenia Armen Grigoryan will travel on a working visit to Qatar. Pillars installed in Armenian border village of Kirants In the Armenian village of Kirants, three border markers have been installed, and border guards stand next to them. Armenian Foreign Minister regrets “tragic loss” of Iranian counterpart The Armenian Foreign Ministry has expressed shock over the death of the Iranian President and the Minister of Foreign Affairs. Armenian PM sends condolences to Iran Prime Minister Nikol Pashinyan sent a message of condolence to the Supreme Leader Seyyed Ali Khamenei. |