Finance

OIL:  BRENT - 70.84+1.77 WTI - 67.73+2.13
COMEX:  GOLD - 1773.60-0.26 SILVER - 22.31-0.04
COMEX:  PLATINUM - 934.50-0.11
LME:  ALUMINIUM - 2640.00-0.25 COPPER - 9421.00-0.94
LME:  NICKEL - 20030.00-1.33 TIN - 38800.00-0.70
LME:  LEAD - 2290.00+0.09 ZINC - 3215.00-0.37
FOREX:  USD/JPY - 113.15+0.07 EUR/GBP - 1.1296-0.20
FOREX:  EUR/USD - 1.1296-0.20 GBP/USD - 1.3287+0.02
STOCKS RUS:  RTSI - 1690.13+0.18
STOCKS US: DOW JONES - 34639.79+1.82 NASDAQ - 15381.32+0.83
STOCKS US: S&P 500 - 4577.10+1.42
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STOCKS EUR:  FTSE100 - 7129.21-0.55 CAC40 - 6795.75-1.25
STOCKS EUR:  DAX - 15263.11-1.35
02/12/2021  CBA:  USD - 488.50+0.52 GBP - 650.83+1.23
02/12/2021  CBA:  EURO - 553.13+0.44
02/12/2021  CBA:  GOLD - 28101.31-207.78 SILVER - 359.03+0.30
02/12/2021  CBA:  PLATINUM - 14873.24+62.90
December, 2021
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Inecobank has attracted new foreign investments to support SMEs
01/10/2021 22:21

Inecobank has attracted new foreign investments to support SMEs

Within the framework of the EBRD SMEC collaboration between Inecobank and the European Bank for Reconstruction and Development (EBRD), $ 5 million will be raised to increase the competitiveness of SMEs, in particular, through the promotion of investments in energy-efficient and renewable energy technologies. In addition to the available funding under this project, the Inecobank customers will also have the opportunity to receive an incentive grant of up to 15% from the European Union, which will further promote the use of new technologies among SMEs.

“Small and medium-sized enterprises are the driving force of the country’s economy, and Inecobank attaches great importance to investing in the latter’s promotion. EBRD, our long-standing partner of more than 15 years, has a special place in these processes. ” Aren Naltakyan, the Chief Executive Officer of Inecobank states.

One of the main goals of the new project is to facilitate local businesses improve the quality of services and products, upgrading them to high European standards. This will enable Inecobank’s business customers to be competitive in European markets as exporters. Within the framework of the project, SMEs will also have the opportunity to receive technical advice, which will allow to identify additional prospective investment directions that will contribute to improving the quality of business efficiency.

Foreign investments have a key impact on both the separate economic entities and the economy of the whole country. Since 2005, Inecobank has received about $ 100 million from the EBRD, which were mainly used to fund small and medium-sized enterprise development programs. Within the framework of the cooperation, a number of projects have been implemented, among which the projects aimed at climate adaptation and the efficient use of natural resources stand out. “We have had an active cooperation in the field of green funding for the past years. Only in 2021, within the framework of another EBRD program, we have already rendered financial support of more than $ 5 million to SME energy-efficient and renewable energy projects. We are confident that this project will also help to increase the efficiency of our SME customers,” Artem Chichyan, the Inecobank Corporate Business Director says.

Dimitri Gvindadze, EBRD Head of Armenia, says: “This new funding will boost the competitiveness of local firms in Armenia by helping them to invest in modern technology. It will allow companies to strengthen their operations locally and take advantage of international trade opportunities.”

Ambassador Andrea Wiktorin, Head of Delegation of the European Union to Armenia, says: “The EU is committed to supporting small businesses in line with the Economic and Investment Plan for the Eastern Partnership and the EU-Armenia Comprehensive and Enhanced Partnership Agreement. The EU4Business-EBRD facility will support green businesses which we believe are the future of Armenia. The overall contribution of the EU to the EU4Business-EBRD facility covering various Armenian banks is €6 million.”

Beeline Armenia - Telecommunication services for your business.
AMD Rates
10:50 03/12 Buy Sell
AMD / USD 488.50 493.00
AMD / EUR 553.00 558.00
AMD / RUR 6.63 6.76
dollars
dollars
CBA Rates
02/12/2021
USD / AMD
488.50
+0.52%
EUR / AMD
553.13
+0.44%
RUR / AMD
6.61
+0.01%
GBP / AMD
650.83
+1.23%
Cryptocurrencies
10:50 03/12
BTC/AMD
27,769,442
+0.32%
BTC/USD
56846.35
+0.22%
ETH/USD
4567.07
+0.91%
BCH/USD
559.03
-1.07%
XRP/USD
0.98
+1.03%
LTC/USD
203.66
-0.10%
ETH/BTC
0.08034053
+0.69%
BCH/BTC
0.00983407
-1.28%
XRP/BTC
0.0000172
+0.47%
LTC/BTC
0.00358258
-0.32%
CBA Metals
02/12/2021
dram / gram
Gold
28101.31
-207.78%
Silver
359.03
+0.30%
Platinum
14873.24
+62.90%
FOREX
08:51 03/12
EUR/USD
1.1296
-0.20%
GBP/USD
1.3287
+0.02%
USD/JPY
113.15
+0.07%
EUR/GBP
0.8498
-0.23%
Oil
08:51 03/12
$ / barrel
Brent
70.84
+1.77%
Light Sweet
67.73
+2.13%
COMEX
08:51 03/12
$ / tr. oz
Gold
1773.60
-0.26%
Silver
22.31
-0.04%
Platinum
934.50
-0.11%
LME / 3M
08:51 03/12
$ / tonne
Aluminium
2640.00
-0.25%
Copper
9421.00
-0.94%
Nickel
20030.00
-1.33%
Tin
38800.00
-0.70%
Lead
2290.00
+0.09%
Zinc
3215.00
-0.37%
Molybdenum
44750.00
+0.00%
Cobalt
67050.00
+1.36%
Indexes
08:51 03/12
point
Dow Jones
34639.79
+1.82%
S&P 500
4577.10
+1.42%
NASDAQ
15381.32
+0.83%
FTSE
7129.21
-0.55%
CAC 40
6795.75
-1.25%
DAX
15263.11
-1.35%
RTSI
1690.13
+0.18%
Nikkei
27753.37
-0.65%
Topix
1926.37
-0.54%
Hang Seng
23788.93
+0.55%
SSEC
3573.84
-0.09%
CBA Interest Rates
26/03/2020
Refinancing
Refinancing Rate
7.25
+0.00%
Lombard Repo
Lombard Repo Rate
8.75
+0.00%
Deposit
Deposit Rate
5.75
+0.00%
Macroeconomy
10/2021
CEA
Coefficient of Economic Activity
+8.90%
Ind. Prod. 3
Volume of Industrial Production
1,848.2
+1.10%
Export 1
Export
2,410.6
+16.90%
Import 1
Import
4,126.6
+11.80%
CPI
Consumer price index
+6.90
Avg. Salary 2
Average salary
198,860
+6.70%
Services 3
Volume of services
1,525.5
+6.40%
Construction 3
Volume of construction
305.7
+5.90%
1 - mln AMD, 2 - AMD, 3 - bln AMD