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"Gasprombank" And "Armrusgasprom" Signed Today A Long-Term Credit Co

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  • "Gasprombank" And "Armrusgasprom" Signed Today A Long-Term Credit Co

    "GASPROMBANK" AND "ARMRUSGASPROM" SIGNED TODAY A LONG-TERM CREDIT CONTRACT

    ARMENPRESS
    Oct 26, 2009

    YEREVAN, OCTOBER 26, ARMENPRESS: Russian "Gasprombank" and
    "Armrusgasprom" signed today a long-term credit contract on opening
    of 40 million USD credit line.

    Press service of "Armrusgasprom" told Armenpress that the credit line
    will be served by "Areximbank CJSC-Gasprombank" group - the subsidiary
    of "Gasprombank".

    The signing of the contract is directed toward the development
    of effective cooperation of the republic's fuel-energy complex
    enterprises.

    "Armrusgasprom" is also continuing the implementation of programs of
    strategic importance for Armenia's economy, particularly expansion of
    the gas-transportation system agreed with the operation of Iran-Armenia
    gas pipeline and upgrading of the 5th unit of "Hrazdan Thermo Power
    Plant".

    In 2009 January-September the investments made by the company amounted
    27,8 billion USD.
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