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European Commission adopts proposal for new Macro-Financial Assistance operation of up to €150 million for Moldova
Following a request by the Republic of Moldova, the European Commission said it has adopted today a proposal for a new Macro-Financial Assistance (MFA) operation of up to €150 million, out of which up to €30 million would be provided in grants and up to €120 million in medium-term loans at favorable financing conditions.UAE-registered Access Infra Central Asia Ltd plans to invest $150 million in construction of a wind farm in Armenia
The United Arab Emirates-registered Access Infra Central Asia Limited plans to invest $150 million in the construction of a wind farm in Armenia, energy infrastructure and natural resources minister Ashot Manukyan said at a government meeting on Thursday.Armenian economy unable to absorb $15 billion investments in 3 years
Armenia’s economy is not able to absorb $15 billion worth investments in 1-3 years, economic development and investments minister Suren Karayan told journalists on Thursday, in comments on Gagik Tsarukyan’s statement that his foreign business partners pledged to invest as much as $15 billion in Armenia (more than Armenia’s annual Gross Domestic Product) if his Tsarukyan bloc wins a majority in the next National Assembly.Contour Global to attract $150 million to upgrade Vorotan hydropower plant
Armenia’s Public Services Regulatory Commission (PSRC) has approved the decision of US-based Contour Global company to attract a $150 million loan for the modernization of Vorotan cascade of hydropower plants, located in southern Armenia.HSBC Bank Armenia awards its Trade Finance Best Customers
HSBC Bank Armenia has named today the winners of its seventh Best Trade Customers Award. Speaking at the Award giving ceremony, HSBC Bank Armenia CEO Thies Clemenz said HSBC Trade Awards have become a benchmark for performance in Armenia’s trade finance industry.Opposition MP blames economic downturn on central bank
Parliament member from the oppositional Armenian National Congress (HAK) Hrant Bagratyan, who served as prime minister in the administration of Armenia’s first post-Soviet president Levon Ter-Petrosyan, disagreed Tuesday with official data which say that Armenian economy expanded last year by 3 percent, claiming it in fact fell and blamed it on the country’s central bank.Total capital of Armenian banks in 2015 increased by 17.8% to 561.9 billion drams
The total capital of 21 banks in Armenia in 2015 increased by 17.8% reaching 561.9 billion drams, according to ARKA news agency’s financial and economic bulletin "Banks of Armenia" for the fourth quarter 2015.In 2015 Unibank handled more than 310,000 remittances worth $193 million
In 2015 the Yerevan-based Unibank handled more than 310,000 remittances worth a total of $193 million. According to a Unibank press release, money transfers without opening bank accounts are made to any country via international Unistream and Intel Express systems.News 1 - 20 of 42
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