Eurasian development bank allocated $30 million for wheat import to Armenia
18.02.2011,
17:52
Eurasian Development Bank (EDB) allocated $30 million to Armenian flour-producing company “Eco-Pure” for importing 25 thousand tons of wheat in the frames of the agreement on funding wheat purchase and transportation to Armenia by the first tranche.
YEREVAN, February 18. /ARKA/. Eurasian Development Bank (EDB) allocated $30 million to Armenian flour-producing company “Eco-Pure” for importing 25 thousand tons of wheat in the frames of the agreement on funding wheat purchase and transportation to Armenia by the first tranche.
The first time agreement on the provision of credit was signed in December 2010 in Moscow by Deputy Chairman of EDB Board Genadiy Zhuzhlev and “Eco-Pure” Ltd. Director Edgar Ghazaryan.
“Eco-Pure” Ltd. Signed also agreement on wheat delivery with Russian company “United wheat company” open jsc funded by credit of EDB.
“This year the situation in wheat markets of CIS countries is more complicated and implementation of this project will help to keep bread and flour prices imported to Armenia on the reasonable level.
Implementation of the project will promote integrated relations between Russia and Armenia by increasing trade turnover between two countries.
EDB was established by Russia and Kazakhstan in January 2006 with the purpose of support to market economy of participant-states. Charter capital of the bank exceeds $1.5 billion. Participant-states of the bank are Russian Federation, Kazakhstan, Armenia and Tajikistan. -0—
The first time agreement on the provision of credit was signed in December 2010 in Moscow by Deputy Chairman of EDB Board Genadiy Zhuzhlev and “Eco-Pure” Ltd. Director Edgar Ghazaryan.
“Eco-Pure” Ltd. Signed also agreement on wheat delivery with Russian company “United wheat company” open jsc funded by credit of EDB.
“This year the situation in wheat markets of CIS countries is more complicated and implementation of this project will help to keep bread and flour prices imported to Armenia on the reasonable level.
Implementation of the project will promote integrated relations between Russia and Armenia by increasing trade turnover between two countries.
EDB was established by Russia and Kazakhstan in January 2006 with the purpose of support to market economy of participant-states. Charter capital of the bank exceeds $1.5 billion. Participant-states of the bank are Russian Federation, Kazakhstan, Armenia and Tajikistan. -0—
