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Russia & CIS Business and Financial Newswire
December 5, 2007 Wednesday 4:06 PM MSK
Armenia could join Eurasian Development Bank in 2008
Armenia could join the Eurasian Development Bank (EDB) in 2008,
Armenian Deputy Energy Minister Iosif Isaian told journalists on
Wednesday.
A political decision has already been passed on Armenia's accession
to the EDB, but the official procedure will take some time, he said.
Armenia has put forward projects in several strategic industries for
EDB consideration, particularly projects related to energy and
industry, he said. Isaian declined to provide specific details of the
projects because they are still under discussion.
Russia and Kazakhstan formed the EDB at the beginning of 2006. The
bank was set up with the purpose of facilitating the robust
development of the two countries' economies, sustaining high rates of
economic growth, expanding mutual trade, developing other forms of
economic relations, and encouraging direct investment, including on
the basis of private-state partnership. The bank's charter capital
amounts to $1.5 billion.
December 5, 2007 Wednesday 4:06 PM MSK
Armenia could join Eurasian Development Bank in 2008
Armenia could join the Eurasian Development Bank (EDB) in 2008,
Armenian Deputy Energy Minister Iosif Isaian told journalists on
Wednesday.
A political decision has already been passed on Armenia's accession
to the EDB, but the official procedure will take some time, he said.
Armenia has put forward projects in several strategic industries for
EDB consideration, particularly projects related to energy and
industry, he said. Isaian declined to provide specific details of the
projects because they are still under discussion.
Russia and Kazakhstan formed the EDB at the beginning of 2006. The
bank was set up with the purpose of facilitating the robust
development of the two countries' economies, sustaining high rates of
economic growth, expanding mutual trade, developing other forms of
economic relations, and encouraging direct investment, including on
the basis of private-state partnership. The bank's charter capital
amounts to $1.5 billion.