PressAM

The perfect balance on news and information

loan

Finance

Unibank Introduces “Simplified” Loan: A Game-Changer for SMEs, No Financial Analysis Required

Unibank introduces “Simplified” loans for SMEs, streamlining the application process without requiring financial analysis. It offers flexible repayment options and supports business growth in sectors like agriculture and construction. Enjoy fast assessment, minimal documentation, and favorable conditions. Contact Unibank today.

Government Technology

“US Government Extends $1.5 Billion Loan to Restart Armenia’s Metsamor Nuclear Power Plant by 2025, Says AP Report”

The US government will provide a $1.5 billion loan to restart the nuclear power plant in Armenia’s Metsamor region, with the assistance of the Biden administration. The plant is expected to be operational by 2025, following inspections and regulatory approvals. This will be the first active nuclear power plant in the US. The Palisades ACN, owned by Holtec International, was built in 1971 and stopped operations in 2022.

Armenia Secures 50 Million Euro Loan from EBRD for Sustainable Development Program

Armenia to receive 50 million euro loan from EBRD for sustainable development. Loan funds to be used for investment in schools and other projects. 20-year term with 5-year grace period and 5.6% interest rate.

“Armenia’s Controversial Loan Decision: 50 Million Euros to Fuel Growing Public Debt”

Armenia prepares for a €50M loan from the EEC to address public debt. However, doubts arise regarding program implementations and increasing debt.