Saturday, 25 March

Ecology

News Opinion: Tracing the Overrated Standards of International Banks (IFC, EBRD)

12:25 | February 20, 2017
When the boycott of Ameriabank started because of the contract signed between the bank and Lydian Armenia for providing the latter with a loan of 24 million USD to purchase equipment for construction of the gold mine and heap leach facility, the employees of the bank started a self-defense. They argued that World Bank’s (WB) private-lending arm International Finance Corporation (IFC) and European Bank for Reconstruction and Development (EBRD) do not distribute loans to everyone, and if this project received the support of these institutions, then it is a trustworthy project. They insisted on this on the Facebook rating page of the bank (as the rating of the bank was going down), as well as during individual meetings with some of the dissatisfied customers.

Opinion  Two-Year Struggle of Garni Residents in Armenia Leads to Success

19:13 | December 30, 2016
The struggle of Garni residents for Azat River was one of the most important events in 2016. The two- year struggle came to a solution on May 21, 2016 when Hovik Abrahamyan, the Prime Minister of the Republic, met with the residents of Garni, who had blocked Garni-Yerevan road for saving River Azat and announced: “Kaghtsrashen Gravity Scheme is cancelled, the construction is stopped and the construction machinery is withdrawn from Azat Gorge.”

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