STAR AND EBRD TO SIGN A CREDIT AGREEMENT

PanARMENIAN.Net
24.11.2009 17:03 GMT+04:00

/PanARMENIAN.Net/ Credit agreements between the STAR trading network
and the European Bank for Reconstruction and Development (EBRD) will
be signed November 25, 2009 in Yerevan, press office of STAR reports.

Under the contract, STAR will receive from EBRD a credit. As STAR’s
Executive Director Vahan Kerobyan said, funds will be directed to
fulfill financial obligations with suppliers, open new branches of
supermarkets and reconstruct existing ones, as well as to strengthen
the working capital.