EDB plans to invest $200-250 million in Armenia in 2025-2026- Mandron

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.