YEREVAN, September 28. /ARKA/. Karen Karapetyan, Armenian prime minister, met with bankers on Tuesday and said he was waiting for practical and extraordinary ideas from them, which would be able to improve business environment and attract investments.

“Our goal is to hear the financial and economic sectors’ problems, challenges and expectations from the government,” the premier said. “Our goal is to do whatever is necessary to allow business to breath, and in this context I expect you will come up with proposals pointing out what particular steps are needed to attract additional lending to the economy. Time has come for practical solutions.”

Karapetyan proposed the bankers to develop appropriate mechanisms for providing loans to small and mid-scale businesses from banks’ assets to spur different segments of the national economy.

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Tags: Armenia, Banks, BUSINESS, ENVIRONMENT, ideas

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Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO, the Dutch Development Bank) disbursed a loan of USD 15 million to Armenian ARARATBANK OJSC for business lending, the bank said today in a press release

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Tags: Araratbank, Armenia, BUSINESS

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Armenian Araratbank said today it has been provided with a $4 million fresh loan by BlueOrchard Microfinance Fund. According to a bank’s press release, it has been the second $4 million worth loan provided by BlueOrchard to Arartbank this year

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Tags: Araratbank, Armenia, BUSINESS

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The Central Bank of Armenia says in its report Economic Activity Index and Business Environment Index that 22.1% of 1,151 surveyed organizations in Armenia are ready to make

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Tags: BUSINESS, Central Bank, companies, INVESTMENTS

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The Eurasian Development Bank (EDB) will provide a $15 million loan to VTB Bank (Armenia) for on-lending to small and medium businesses

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Tags: Armenia, Bank VTB (Armenia), BUSINESS, LOAN

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Russia’s Gazprombank company intends to expand its business in Armenia, Deputy Chairman of Gazprombank Management Board Nikolay Korenev said Friday at the meeting with Armenian PM Tigran Sargsyan in Yerevan.

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Tags: Armenia, BUSINESS, Gazprombank

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VTB Bank (Armenia) CJSC will continue investing in mining sector of Armenia, VTB Bank (Armenia) Acting General Director

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Tags: BUSINESS, VTB Bank (Armenia)

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Anelik Bank has launched for the first time in Armenia its own special scoring system for business-loans rating, the Bank’s press service reported ARKA on Thursday.

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Tags: Anelik Bank, Armenia, bank @en, BUSINESS

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ProCredit Bank intends to build up its business lending portfolio from present $54.5 million to $96.5 million in 2012, Asmus Rotne, executive director of the bank, said Tuesday at a news conference.

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Tags: BUSINESS, ProCredit Bank

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Financial resources of Armenian Economy Ministry’s Investments in Small and Medium Businesses Universal Credit Organization are being invested very fast and are mostly aimed at solving the problem.

Categories: General news, Loan organizations, News, News of the hour | Comments Off on Armenian Economy Ministry’s UCO Supporting Small And Medium Entrepreneurship

Tags: Armenia, BUSINESS, UCO

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