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  • Archive for September 19th, 2013

    EBRD to invest about $100 million in Armenia in 2014

    Thursday, September 19th, 2013

    Investments of the European Bank for Reconstruction and Development (EBRD) in Armenia in 2014 will amount to about $ 00 million, the outgoing head of EBRD Yerevan Office, Valeriu Razlog, told a news conference today

    The fiscal deficit of Armenia in 2013 is likely to be below 2 percent of GDP, IMF says

    Thursday, September 19th, 2013

    “The fiscal deficit of Armenia in 2013 is likely to be below 2 percent of GDP, compared with 2.6 percent in the budget. Revenues are expected to meet the budget targets, but spending will be lower, although outlays have picked up in the second half of the year,’ an International Monetary Fund (IMF) mission led by Mr. Mark

    Armenian Inecobank signs $5 million loan agreement with BSTDB

    Thursday, September 19th, 2013

    Armenian Inecobank said it has signed a five million USD loan agreement with the Black Sea Trade and Development Bank (BSTDB). These funds will be used to finance small and medium enterprises, ‘which is a strategic direction for Inecoban,’it said in a statement

    Voluntary insurance policies sold to Armenian citizens will get ahead of compulsory insurance policies, Sarkisov says

    Thursday, September 19th, 2013

    The number of voluntary insurance policies sold to Armenian citizens will get ahead of the number of compulsory insurance policies, Sergey Sarkisov, Reso–Garantia insurance company’s board chairman, said yesterday

    The number of insurance policies sold by RESO and other Armenia-based companies surged 20-25 times over two years

    Thursday, September 19th, 2013

    The number of insurance policies sold by RESO and other Armenia-based insurance companies have surged 20-25 times over the last two years, according to Samvel Grigoryan, the executive director of Reso company