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BSTDB To Double The Investments In Armenia

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  • BSTDB To Double The Investments In Armenia

    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.

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