ArmInfo. The Eurasian Development Bank (EDB) plans to invest $200-250 million in Armenia in 2025-2026. This was stated by Yaroslav Mandron, Deputy Chairman of the EDB Management Board, on December 5, while summarizing the Bank's activities for this year. "In 2025, we will make a decision on the Electric Networks of Armenia (ENA). The bank primarily focuses on Armenia's energy sector, agriculture, and mining industry. The potential for further collaboration with the Yeremyan Group of Companies is also being considered," the EDB Deputy Chairman clarified. Speaking about the work in the current year, he emphasized that in 2024-2025, projects were implemented in the fields of metallurgy, trade, agriculture and the food industry. "This year, we are implementing three major projects. Thus, we have allocated $100 million for the modernization and expansion of production at the Zangezur Copper and Molybdenum Plant. Additionally, $39 million will be used for providing bank guarantees to the Ozon Group of Companies, and another $6 million will be allocated for the construction and modernization of the Yeremyan dairy farms," Mandron said.
He also recalled the Bank's first grant initiative, "Milk to Schools," valued at $0.2 million. This initiative, implemented together with the UN World Food Program, aims to provide 1,300 schoolchildren in Armenia with healthy, balanced nutrition. Madron stated that the Bank will continue this humanitarian initiative in Armenia and other countries.
