YEREVAN, June 30, /ARKA/.  Armenia’s private sector will benefit from new resources for green financing thanks to a US$ 10 million financial package put together by the European Bank for Reconstruction and Development (EBRD) in cooperation with the European Union (EU) and the Green Climate Fund (GCF) to facilitate the private sector’s transition to more sustainable, low-carbon and climate-resilient practices, EBRD said today in a press release.

It said the package is being provided to ACBA Bank under the EBRD’s Green Economy Financing Facility (GEFF) programme and the EU4Business-EBRD credit line with incentives for on-lending to local enterprises for investments in climate-change mitigation and adaptation as well as for upgrading technologies and services to EU standards while promoting the use of green technologies. This is the first project to be signed in Armenia under the EU4Business-EBRD Credit Line, paving the way for more banking clients to join this new framework.

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The EBRD and the European Union (EU) are stepping up their support for small and medium-sized enterprises (SMEs) in Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine with new financing

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The European Bank for Reconstruction and Development (EBRD) is providing €5.5 million loan to Armenia for implementation of modern solid waste management solutions in Kotayk and Gegharkunik regions

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The decline in Armenia’s foreign trade is resulting largely from the weakening demand from Russia and the EU, the World Bank said in its monthly review of Armenian economy

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New European Union sanctions against Russia could include further capital markets restrictions, making it harder for Russian companies to refinance themselves and possibly affecting Russian sovereign bonds, EU officials said on Wednesday

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The European Bank for Reconstruction and Development (EBRD) is providing a €3.5 million loan to Armenia to finance the construction of the country’s first European Union (EU) compliant solid waste landfill. The loan is complemented by a €3.5 million capital grant provided by the European Union Neighbourhood Facility

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MEPs have backed rules for a banking safety net to minimise the risk of further EU taxpayer-funded bailouts

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German Chancellor Angela Merkel told German lawmakers today morning that Cyprus’s proposition to nationalize pension funds in order to prop up its finances was unacceptable, RBC reported. She insisted that Cyprus should rather concentrate on debt sustainability and bank restructuring in order to secure a bailout

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Chancellor Angela Merkel says Germany is ready to discuss Britain’s ‘wishes’ on the EU after Prime Minister David Cameron announced an in-or-out referendum

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Last week the gold quotes rose to a new six-week maximum of 1,754.28 USD per troy ounce amid the hike of stock indices and some other commodities assets, as well as up in investment sentiments as the U.S. “budget breakdown” became unlikely to happen

Categories: Analytics, News | Comments Off on Optimistic comments by EU leaders raised metal quotes

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