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ARMENIA JOINS EADB
ArmInfo
2009-02-02 13:30:00
ArmInfo. Today, the Armenian Parliament discussed the issue of joining
the agreement "On Creation of Eurasian Development Bank" (EADB) signed
between Russia and Kazakhstan in Astana on January 12, 2006. According
to Armenian Energy and Natural Resources Minister Armen Movsisyan,
EADB is a financial structure created by Russia and Kazakhstan to
assist the parties in development of the market relations, their
stable economic growth and extension of mutual goods turnover. The
total authorized capital of the bank makes up $1,5 bln. The share
interest of Russia in it makes up $1 bln, Kazakhstan - $500 mln. As
expected, the share interest of Armenia in EADB at the first stage
will make up $100,000 to be allocated from assets of the government's
reserve fund. The country will receive dividends in accordance with
the invested funds. Armenia expects active participation of the bank
in financing of such big projects as construction of a new power unit
in the republic, Meghri, Lori-Berd and Shnokh hydropower plants,
Iran-Armenia railway, as well as the projects in such spheres as
mining, communication and processing of agricultural production. EADB
delegation visited Armenia on June 24, 2008. A working group for study
of the projects' details was set up upon the results of the visit. The
group from the Armenian party is headed by deputy Minister of Energy
and Natural Resources Iosif Isayan. As expected, the voting on the
agreement will be held on February 3, 2009.
ArmInfo
2009-02-02 13:30:00
ArmInfo. Today, the Armenian Parliament discussed the issue of joining
the agreement "On Creation of Eurasian Development Bank" (EADB) signed
between Russia and Kazakhstan in Astana on January 12, 2006. According
to Armenian Energy and Natural Resources Minister Armen Movsisyan,
EADB is a financial structure created by Russia and Kazakhstan to
assist the parties in development of the market relations, their
stable economic growth and extension of mutual goods turnover. The
total authorized capital of the bank makes up $1,5 bln. The share
interest of Russia in it makes up $1 bln, Kazakhstan - $500 mln. As
expected, the share interest of Armenia in EADB at the first stage
will make up $100,000 to be allocated from assets of the government's
reserve fund. The country will receive dividends in accordance with
the invested funds. Armenia expects active participation of the bank
in financing of such big projects as construction of a new power unit
in the republic, Meghri, Lori-Berd and Shnokh hydropower plants,
Iran-Armenia railway, as well as the projects in such spheres as
mining, communication and processing of agricultural production. EADB
delegation visited Armenia on June 24, 2008. A working group for study
of the projects' details was set up upon the results of the visit. The
group from the Armenian party is headed by deputy Minister of Energy
and Natural Resources Iosif Isayan. As expected, the voting on the
agreement will be held on February 3, 2009.