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BSTDB TO DOUBLE THE INVESTMENTS IN ARMENIA
ARMENPRESS
21 June, 2012
YEREVAN
YEREVAN, JUNE 21, ARENPRESS: Black Sea Trade and Development Banks
will provide Armenian banks and business organizations around
50 million Euros until 2014. Armenpress reports that about this
declared the President of the Bank Andrei Kondakov during the press
conference on June 21. He informed that the bank since the day of
its foundation till today had invested around 50 million Euros in
different spheres of Armenian economy. "During the first two years
BSTDB will concentrate on commercial activities and infrastructure
as well as on development of energetic industry. The bank intends to
expand its continuing support to Armenian small and medium enterprises"
said Kondakov. Deputy Minister of Finance of Armenia Vardan Aramyan
informed that the Republic of Armenia is one of the founder countries
of the bank. "It is already the 4th national strategy established
with the bank. Our activity with the bank corresponds to our economic
reforms" said Aramyan highlighting that at present Armenia has 3.7
percent share of the bank.
ARMENPRESS
21 June, 2012
YEREVAN
YEREVAN, JUNE 21, ARENPRESS: Black Sea Trade and Development Banks
will provide Armenian banks and business organizations around
50 million Euros until 2014. Armenpress reports that about this
declared the President of the Bank Andrei Kondakov during the press
conference on June 21. He informed that the bank since the day of
its foundation till today had invested around 50 million Euros in
different spheres of Armenian economy. "During the first two years
BSTDB will concentrate on commercial activities and infrastructure
as well as on development of energetic industry. The bank intends to
expand its continuing support to Armenian small and medium enterprises"
said Kondakov. Deputy Minister of Finance of Armenia Vardan Aramyan
informed that the Republic of Armenia is one of the founder countries
of the bank. "It is already the 4th national strategy established
with the bank. Our activity with the bank corresponds to our economic
reforms" said Aramyan highlighting that at present Armenia has 3.7
percent share of the bank.