  BSTDB to extend Euro 20mln loan to Armenia and regional statesJune 21, 2011 - 17:22 AMT PanARMENIAN.Net - The Black Sea Trade & Development Bank (BSTDB) and PROPARCO, the French Development Financial Institution signed a loan agreement for the financing of projects of mutual interest in the Black Sea region. For this purpose, PROPARCO will extend a Euro 20 million loan to BSTDB for a term of 10 years. The financing provided under the loan agreement, will be allocated to private sector projects in Albania, Armenia, Azerbaijan, Georgia, Moldova, Turkey and Ukraine. Priority sectors for financing include renewable energy, microfinance, health, education, agribusiness and tourism.   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 Russia provides info about arrested Armenian ex-MP  Russian law enforcement agencies have provided information about the arrest of Tigran Urikhanyan.Lemkin Institue slams Pashinyan's “cryptic engagement with Genocide denial” The Lemkin Institute is alarmed over Pashinyan’s statements “questioning Armenia's legal basis to pursue justice against Turkey”.41 detained as antigovernment protests continue in Yerevan 41 people were detained in Yerevan as people demanding Pashinian’s resignation stage campaigns of civil disobedience.Armenia votes for UN resolution granting Palestine new rights The U.N. General Assembly voted by a wide margin on May 10 to grant new “rights and privileges” to Palestine. |
