Gazprombank

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SOFAR to invest in VTB

SOFAR to invest in VTB

The State Oil Fund of the Azerbaijani Republic (SOFAR) has already deposited 3 billion rubles (about $100 million) in Gazprombank and plans to allocated more in VTB, SOFAR President Shakhmar Movsumov said, Trend reports.SOFAR plans to expand its portfolio to 9 billion rubles and expand the list of banks for allocation.SOFAR was founded in 1999 to accumulate finances and allocated them abroad for future generations. It has $33.1924 billion of assets (compared with $271 million in 1999).

Gazprombank increases investment in Armenia

Gazprombank increases investment in Armenia

Gazprombank Deputy CEO Nikolai Korenev said at a meeting with Armenian Prime Minister Tigran Sargsyan in Yerevan that the bank was planning more business activity in the country, News Armenia reports.The sides discussed trade-economic programs of Armenia and Russia developed by the intergovernmental commission, prospects for development of the Nairit chemical factory in Yereva.

Gazprombank vice president may become candidate for president of Armenia

Gazprombank vice president may become candidate for president of Armenia

 Karen Karapetyan, former Mayor of Yerevan and First Vice President of Gazprombank, may become a candidate for President of Armenia in 2013, News Armenia reports.Prosperous Armenia and the Armenian National Congress may for a consensus around the official. Russia may also encourage Karapetyan to go ahead.Karen Karapetyan resigned as the Yerevan Mayor on October 28, 2011, staying in office less than a year. He used to be the Director General of ArmRosgazprom, the monopolist of gas distribution in Armenia.

Armenian president has not chosen PM

Armenian President Serzh Sargsyan has not yet chosen his new prime minister, News Armenia reports.Russia recommends Armenia to appoint former Yerevan mayor, deputy director of Gazprombank, or head of the presidential administration.

Three Russian banks to form gas extracting company

Sberbank, VTB and Gazprombank plan to issue 120 billion rubles to establish Severenergia, a company with Yukos assets, Vedomosti reports.Sberbank will provide half the sum, VTB - 30%, Gazprombank - 20%. They have already made a deal and are now carrying out internal procedures.

Ex-Yerevan mayor becomes Gazprombank vice-president

Yerevan Ex-Mayor Karen Karapetyan has become Vice-President of Gazprombank, spokesman of the press service of ArmRosgazprom, Shushan Sardaryan, said, News.am reports.The former mayor was appointed on December 2.

Veterans meet at Russian embassy in Yerevan

Russian Extraordinary and Plenipotentiary Ambassador to Armenia Vyacheslav Kovalenko had a meeting with veterans of the Great Patriotic War at the Russian embassy in Armenia on May 5 to commemorate the 66th anniversary of the Great Victory.