Armenia to receive over $170 million from IMF
The International Monetary Fund (IMF) has approved credit support of over $175 million for Armenia, with disbursements scheduled over a three-year period.
loans
Germany to provide over 150mln euro to Armenia
Germany will provide €152 million in support to Armenia, Armenian Minister of Economy Gevorg Papoyan said.
Over $305 million in loans directed toward Karabakh's development
According to media reports, the volume of loans in the Karabakh economic region amounted to over $305 million in the first nine months of this year.
ADB approves over $233 mln loan to Georgia
The Asian Development Bank (ADB) approved a $233.2-million loan to help expand access to reliable, safe water supply services in rural areas of Georgia.
Armenia to take out loan for water infrastructure
The Armenian government has decided to obtain a loan from the World Bank to fund repairs for irrigation systems and residential water supply networks.
Cooling-off period should be introduced for loans due to fraudsters
There is an increase in credit fraud in Russia
Sberbank to raise mortgage rates in Russia
Russia's largest lender Sberbank opens new tab will raise its market mortgage rates to a minimum of 20% from August 6, according to Sberbank's …
Adygea to protect citizens from illegal microloans
Deputies from Adygea propose to ban the issuance of microloans without the personal presence of the borrower
World Bank underscores China's key role in global economy
China is the largest borrower among all the world's low- and medium-income countries while also being one of the biggest lenders to those places
Georgia’s pensioners hamstrung by crippling debt
Paradoxically, Georgia’s poorest citizens – its elderly – have the easiest access to credit. But there is a catch. Elderly Georgians, perhaps the poorest category of people in the country, paradoxically have the easiest access to bank credit: In an unstable economic environment, government retirement benefits are one stable, albeit small, form of income that can serve as security for a loan
Serbia repays early 172.7 mln euro debt to Azerbaijan
Serbia has repaid early a 172.7 million euro ($210 million) outstanding debt to Azerbaijan under a loan for the construction of a Corridor XI road section, Serbian finance minister Sinisa Mali said. The government has repaid …
Non-performing loans of Russians reach 811.8 billion rubles
The share of retail consumer non-performing loans in Russia declined 0.6% to 4.8% as of October 1, according to Russia's central bank data. Outstanding loans were 16.9 trillion rubles, up from 10.6 trillion five years ago, RBC …
Iran to return to nuclear deal only under oil credit line - media
Tehran would return to its nuclear deal commitment only if it got $15 billion for oil sales over four months, Iran's Deputy Foreign Minister Abbas Araqhchi said. "Our return to the full implementation …
Debts of 500,000 Kazakhs to be wrote off
Kazakh President Kassym-Jomart Tokayev said he will write off bad loans held by as much as a sixth of the central Asian country’s population, while signaling a sharp change in policy to end costly state …
ADB providing loans to rural households in Georgia
The Asian Development Bank (ADB) is providing a 60 million Georgian lari ($22.3 million) loan and a $500,000 technical assistance grant to Georgia's Credo Bank to launch new products including home improvement and mortgage loans to lower …
Central Bank: households' debt in Russia nearing historical peak
Russia's household debt reached 9.9%, which is close to its 2014 peak of 10.4%, Russian central bank's Financial stability department chief Yelizaveta Danilova said. "Non-secured lending has been growing …
Georgian State Fund to Receive Multimillion Credit from China Development Bank
The Chinese Development Bank will provide a $ 20 million loan to the state-owned company "Partner Fund". The relevant announcement was posted on the fund's website. It is clarified that the loan will be allocated without …
Russians cannot get out of debt?
The Russians scored a record number of loans in 2018. The average debt burden of Russian families increased from 22% to 27%. Russian people's current total debt is 14.86 trillion rubles. According to the …
Iranian parliament allows government to apply for loan from Russia - media
The Iranian parliament voted to allow the government to apply for a $5 billion loan from Russia, the Iranian Mehr new agency reported. The loan is set to be spent on owning capital assets in infrastructure and production fields in …
Georgia trying to contain banks
An unexpected ally of the government in this process was the main opponent of the current authorities, former President Mikhail Saakashvili