ArmInfo. Mr. Sebastian Molineus has been appointed World Bank Regional Director for the South Caucasus. In this position, he will replace Mercy Tembon, who held this post from September 2015 to June 2019.

ArmInfo. Chairman of the Central Bank of Armenia Artur Javadyan left for St. Petersburg for a working visit on July 3-5 to participate at the XXVIII International  Financial Congress "Financial Markets: Increasing Complexity,  Maintaining Sustainability." The organizers are the Bank of Russia  and the Roscongress Foundation.

ArmInfo.

ArmInfo.

ArmInfo. On April 23, Armenian  Deputy Prime Minister Mher Grigoryan received the Regional Manager of  the International Finance Corporation (IFC) for the South Caucasus,  Jan van Bilsen.

ArmInfo.

ArmInfo.World Bank (WB) Board of Directors on March 28 approved a new credit line of $ 500 million for Armenia to ensure sustainable and inclusive growth and  improve the welfare of the country's population within the framework  of the Country Partnership Framework CPF) for 2019-2023.

ArmInfo. On 18 March 2019  Lawrence Meredith,  Director for Neighbourhood East at the European Commission and  leading International Financing Institutions (IFIs) are on a joint  mission in Yerevan to discuss policy priorities and sustainable  investment solutions for energy efficiency in buildings, both public  and private.

ArmInfo. Construction on the  new thermal block adjacent to the Yerevan Thermal Power Plant with a  combined steam-gas cycle will begin in 15 days.  This was stated on  March 4 at a press conference in Yerevan by the acting. Minister of  Energy Infrastructures and Natural Resources of the Republic of  Armenia Garegin Baghramyan.  According to him, today, on March 4, a  direct agreement was signed on financing the project, which  predetermined the sources of financing.The program on a temporary  basis will involve 1,100 people, on an ongoing basis - 230.  Construction work will last 24-25months. By the same date, a new  400-kilovolt transmission line Iran-Armenia will be put into  operation, according to which it will be possible to export  electricity from the station. 

ArmInfo. Ameriabank and a number of funds managed by responseAbility Investments, in particular the Global Climate Partnership Fund (GCPF) and micro and small  business financing funds, have signed a long-term subordinated  lending agreement worth  16.8 million.

ArmInfo. Renco, Siemens companies and SIMEST Italy's state investment fund will act as investors in the new thermal power plant construction project in  Yerevan. On this, answering the question of ArmInfo, on December 13,  declared the Acting Minister of Energy Infrastructures and Natural  Resources of Armenia Garegin Baghramyan.

ArmInfo.  On August 2, Prime  Minister of Armenia Nikol Pashinyan received a delegation led by the  regional governor of the International Finance Corporation (IFC), a  member of the World Bank, Jan Van Bilsen.

ArmInfo.Ameriabank CJSC, was granted the award by the International Finance Corporation (IFC)  for Best Issuing Bank Partner in the Caucasus and Central Asia in 2017, the press service of the bank has told ArmInfo.

ArmInfo. The Russian group of companies Tashir, which owns JSC Electric Networks of Armenia, plans to invest in the construction and modernization of Armenia's distribution networks.

ArmInfo. Considering the need to raise investors' confidence and increase economic efficieny since the beginig of 2018 Electric Networks of Armenia CJSC has taken steps  to develop the system of corporate management of the Company. Regulatory and corporate management standards of both Republic of Armenia and Great Britain made the basis for improvement, the press service of the company informs.

ArmInfo. The head of the Central Bank of Armenia Artur Javadyan left for St. Petersburg at the 25th International Financial Congress (IFC) on the theme "Financial system:  sustainability for growth." As the press service of the Central Bank of Armenia told ArmInfo, the congress started on June 6 and will end on June 8. Representatives of central banks and business will discuss the prospects for the development of the financial market, as well as the role of the state in this area.

ArmInfo. In 2018 the company Contour Global Hydro Cascade invests 1.680bln AMD (without VAT) in modernization of the Vorotan cascade of HPPs belonging to it.  The decision was taken at a meeting of the Public Services Regulatory Commission (PSRC) of the Republic of Armenia, which approved the company's investment program for 2018 on May 8.

ArmInfo. "INECOBANK" CJSC became a  member of the securities settlement system of the Central Depository  of Armenia (CDA). As reported to ArmInfo in the press service of  NasdaqOMX Armenia, this took place on February 28. Thus, the Bank has  been assigned the status of a depository system account operator.

ArmInfo. The Minister of Energy Infrastructures and Natural Resources of the Republic of Armenia Ashot Manukyan received the head of development programs of Global Contour company Ralph Novak and Director of JSC Contour Global Hydrocascade Ara Hovsepyan on February 22.

ArmInfo."The success of the bank is continuous: due to the right strategy and its careful implementation, we have improvements almost in all positions. The most important achievement, of course, is the high level of profit. AMD 7 bln net profit ensured the first position by ROE in the system" said Chief Financial Officer Hayk Voskanyan.