ArmInfo. ARARATBANK OJSC and Global Finance & Technology Network (GFTN) of Singapore have signed a Memorandum of Understanding to enhance the Bank's digital capabilities and fintech infrastructure.

ArmInfo.

ArmInfo.The Masrik-1 solar station is scheduled to be operational by October 2024. According to  the press service of the Ministry of Territorial Administration and Infrastructure, Gagik Babayan, chief engineer at Shtigen company, stated this in an interview with the Public Television.  

ArmInfo. Minister of Territorial Administration and Infrastructures of Armenia Gnel  Sanosyan visited the Masrik-1 solar station.

ArmInfo.Problems with tax evasion and illicit financial flows in today's interconnected world  require collective action and cooperation, RA Deputy Prime Minister Tigran Khachatryan stated at the 6th meeting of the High-Level Asian Initiative, which started on June 24 in Yerevan.

ArmInfo. Following the flash floods in Armenia's Lori and Tavush regions in May, the European  Union is providing EUR 100 000 in humanitarian funding to assist the  most affected villages, the press releases from the European  Commission received by ArmInfo reports.

ArmInfo.Ameriabank has received four prestigious awards from international financial institutions in recognition of its trade finance operations. At the recent TFP Awards Ceremony, the European Bank for Reconstruction and Development (EBRD) honored Ameriabank with the 2023 Deal of the Year Export, the 2023 Deal of the Year Green Trade in Renewable Energy awards and for the Completion of the Climate Practices and Transition Planning Programme in Armenia. The TFP Award team highlighted "Ameriabank’s outstanding contribution to facilitating trade in green technologies and continuously supporting the transition to a green economy."

ArmInfo. Prime Minister Nikol Pashinyan received Axel van Trotsenburg, World Bank Senior Managing  Director of Development Policy and Partnerships, and  Alfonso Garcia  Mora International Finance Corporation (IFC) Regional Vice President.

ArmInfo.

ArmInfo. The construction of an industrial-scale solar power plant, Mets Masrik, in Armenia is  nearing completion. This was stated on February 28 from the rostrum of parliament by Chairman of the Public Services Regulatory Commission, Garegin Baghramyan, whose candidacy was again nominated  by the RA government for the post of head of the PSRC.

ArmInfo.

ArmInfo. On September 13, Deputy Prime Minister of Armenia Mher Grigoryan received World Bank  Regional Director for the South Caucasus Rolande Pryce.  The meeting was also attended by head of the Armenian office of the World Bank, Carolin Geginat , and International Finance Corporation (IFC)  Regional Manager for the South Caucasus,  Ivana Duarte .

ArmInfo. "Mets Masrik" LLC will receive a license for electricity production at "Arev" solar power  plant. The decision to issue a license was made at the July 19 session of the Public Services Regulatory Commission (PSRC).

ArmInfo.

ArmInfo.Armenia's Minister of FinanceVahe Hovhannisyan hosted on March 20, Ms Rana Karadsheh,  Regional Director, International Finance Corporation (IFC), Mr Sebastian Molineus, World Bank Regional Director for the South  Caucasus, Ms appointed Ivana Fernandes Duarte, IFC Regional Manager for the South Caucasus, and Ms Carolin Geginat, Ms Country Manager Armenia. 

ArmInfo.IFC and Amundi-Acba Asset Management unveiled a new partnership today to catalyze private sector investment in infrastructure projects, and support job creation and economic growth in Armenia.

ArmInfo.To help smaller businesses in Armenia thrive, IFC is providing a new $15 million loan to Evocabank, that will help support growth and job creation amid the lingering impacts of COVID-19.

ArmInfo.

ArmInfo. At the meeting on June 30, the Government of Armenia nominated lawyer Seda Safaryan for the position of judge of the Constitutional Court.

ArmInfo.To improve access to high-speed internet and support a strong digital economy in Armenia, Team Telecom Armenia raised a total of $45 million from international financial institutions, IFC and EBRD, and Ameriabank. Team Telecom Armenia will direct this funding for the construction of the region's best 25 Gb/s Next Generation Network in cities and villages of Armenia.