Wed, 17 September
17.1 C
Yerevan
USD: 383.12 RUB: 4.63 EUR: 452.35 GEL: 141.48 GBP: 522.04

Greek banks may get 7.2bln euros in loan from EFSF in April

YEREVAN, March 5. /ARKA/. The EU-backed loan for bank recapitalization may be extended in April, Chief Executive Officer of the European Financial Stability Fund (EFSF) Klaus Regling told a press conference Monday, as quoted by RIA Novosti.

The EFSF provided 1bln euros to Greece in late January. The lenders are to make up their minds about extension of the remaining 7.2bln euros scheduled for the first quarter of this year.
“This tranche is approved and may be extended in April,” Regling said.

Earlier, an EU source familiar with the situation told RIA Novosti that Greece is not in immediate need of the external tranche.

If Greek authorities meet the requirements of the economic program the assistance is provided in exchange for, another budget support tranche worth 2.8bln euros may be approved in March. The country has already met the main requirements in February.  –0—

spot_img

POPULAR

3.6% inflation registered in Armenia in August

n the consumer market of Armenia, 12-month inflation in August of this year amounted to 3.6%, according to the report of the National Statistical Committee (NSC) of Armenia.

Regulation of cryptocurrency assets should adopt a pragmatic approach – Chairman of  Central Bank of Armenia

Martin Galstyan, the Chairman of the Central Bank of Armenia, asserts that a pragmatic strategy is essential to mitigate risks associated with the regulation of the cryptocurrency sector.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img