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  • Archive for September, 2014

    EBRD to host trade finance conference in Yerevan

    Monday, September 29th, 2014

    The European Bank for Reconstruction and Development (EBRD), in cooperation with the European Union (EU) is holding a trade finance conference to increase awareness and facilitate better access to the trade finance instruments for the small and medium size enterprises (SMEs) in Armenia

    Bank VTB (Armenia) ‘Best Bank’ in ‘Public Rankings’

    Monday, September 29th, 2014

    Bank VTB (Armenia) has been announced the ‘Best Bank” at Public Rankings awarding ceremony in Spendiaryan National Opera and Ballet House on Saturday September 27, the bank’s press office reported

    VTB Bank (Armenia) supports Yerevan sailing club

    Saturday, September 27th, 2014

    VTB Bank (Armenia) said today it will help organize the transportation of children, going in for windsurfing from Yerevan to the Lake of Sevan in summer months and to the resort town of Tsakhkadzor in winter

    S&P upgrades outlook for India rating to "stable" from "negative"

    Saturday, September 27th, 2014

    Standard and Poor’s raised the outlook for India’s “BBB-minus” rating to “stable” from “negative,” saying the country’s government mandate and improved political setting offered a conducive environment for reforms, Reuters reported

    Evraz North America files for IPO

    Saturday, September 27th, 2014

    Evraz PLC Friday announced it is considering an initial public offering of its North American subsidiary, Evraz North America, Morning Star reported

    Student debt in US at all-time high of $1.2 trillion

    Friday, September 26th, 2014

    U.S. student debt has climbed to an all-time high, despite a decrease in consumer debt for all other major lending categories such as automotive debt, credit card and home equity loans, CNBC reported. Behind mortgages, student loans are the second largest debt class

    New banks in Armenia may be obliged to operate only as open joint stock companies

    Thursday, September 25th, 2014

    At its today’s session, the Armenian government has found a proposal by MP Hrant Bagratyan to transform all the banks operating in Armenia into open joint stock companies for ensuring transparency to their activities not reasonable, deputy finance minister Safaryan said

    Asian development bank reduces growth forecast for Armenia in 2014 and 2015

    Thursday, September 25th, 2014

    The Asian Development Bank has reduced the growth forecast for Armenia in 2014 and 2015, as weakness in industry and construction caused economic activity to slow in the first half of 2014

    Armenia plans 4.1% GDP growth for 2015

    Thursday, September 25th, 2014

    Armenia’s planned real GDP growth is 4.1% for 2015, the minister of finance Pavel Safaryan said in presenting the 2015 draft budget at a government meeting on Thursday

    Japan slaps new sanctions on Russia

    Wednesday, September 24th, 2014

    YEREVAN, September 24. / ARKA /. Japan said on Wednesday it was imposing additional sanctions on Russia because of its involvement in the Ukraine conflict, RBC reported. The new measures include banning Russian Sberbank, VTB, Vnesheconombank, Gazprombank and Rosselkhozbank from issuing securities in Japan and stepping up inspections to prevent arms being shipped to Russia, […]