loans

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Azerbaijan suspends issuance of foreign currency loans

Azerbaijani banks suspended the issuance of consumer loans in foreign currency today, the Financial Market Supervisory Body of Azerbaijan said. The decision to set new regulatory frameworks within a month was made during the meeting of …

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Golodets: expensive loans stifle Russian economy

Excessively high lending rates have a restraining influence on the development of the Russian economy, the Deputy Prime Minister of Russia, Olga Golodets, said. "Probably, today it is difficult to find any man who …

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Russians owe banks 1.15 trillion rubles

Last year, rates of borrowers' payment discipline seriously deteriorated in Russia. According to the United Credit Bureau, overdue loans increased by 48% to 1.15 trillion rubles in December 2015. The share of overdue loans …

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Russia may grant loan to Iran

Iran may receive a state export loan of $5 billion in 2016, Russian Industry and Trade Minister Denis Manturov said. “I think that if all the formalities can be agreed upon in the first …

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World Bank to allocate $50 million to Armenia

Armenia will receive a third loan from the World Bank amounting to $50 million, the press service of the bank said. It is expected that the money will be spent on supporting a wide range of reforms promoting ...

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Armenia to receive 75-million-euro loan from France

A 75-million-euro loan agreement is planned to be signed between the Government of Armenia and the French Development Agency aimed at financing the Vedi reservoir. "The agreement will provide an opportunity …

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Russia and Iran raise cooperation to new level

Russian President Vladimir Putin and Iranian President Hassan Rouhani held talks at the summit of the Forum of Gas Exporting Countries (GECF) in Tehran, which culminated in the signing of a number of …

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Armenia to get loan from Eurasian Bank

Armenia will receive a $300-million preferential and long-term budgeting loan from the Eurasian Bank. The draft agreement on getting this amount was approved at the Cabinet session today. "This loan will be provided to fund the …

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Russia allows deferment of loan payments to Belarus

Deferment of loan payments until 2016 is a result of talks between Russian and Belarus delegation that took place in preparation for the next meeting of the Council of Ministers of the Union State. At the same …

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ADB helps Armenia protect schools from earthquakes

The Asian Development Bank will provide Armenia with a loan in the amount of $ 89.3 million for the construction of schools in the country that can withstand earthquakes, as well as develop the capacity to tackle …

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Armenia's external debt exceeds $ 4 billion

Armenia’s foreign liabilities to international financial organizations and creditors crossed the $4-billion mark for the first time, NEWS.am reports. The Armenian government already signed several loan agreements, …

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VTB offers Armenian companies to borrow in rubles

VTB Bank plans to provide loans to Armenian producers in rubles, the Chairman of VTB Bank Management Board, Mikhail Oseyevsky, said. "We see that the national currencies are weakening, and this is typical to all developing markets. …

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Armenian Parliament hosts extraordinary meeting

The extraordinary meeting of parliament called today is discussing the ratification of the agreement on a state export loan to the Armenian government signed between the governments of Armenia and Russia.

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Armenian parliament to ratify Russian loan on arms

Armenian government proposed to hold an extraordinary meeting of the National Assembly (parliament) on July 2 for the ratification of the Armenian-Russian agreement on providing the Armenian side export loan. "I want to remind you …

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