EU Commissioner: EU will continue to contribute to economic  development of Armenia
 Thursday, May 16 2024, 21:18

ArmInfo. On May 16, Prime Minister of the Republic of Armenia Nikol Pashinyan received  EUCommission Executive Vice-Preside,Trade Commissioner Valdis  Dombrovskis.

PM discusses opportunities for diversifying Armenian economy with WB,  IFC management 
 Thursday, May 16 2024, 21:07

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.

EBRD President considers programs implemented by Bank useful for  development of private sector in Armenia
 Thursday, May 16 2024, 21:04

ArmInfo. President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso  believes that Armenia is a good example of productive assistance to  the country and its reforms. She stated on May 16 at a press  conference following the 33rd Annual Meeting of the Bank in Yerevan.

Armenia benefits greatly from influx of capital and IT specialists -  EBRD chief economist
 Thursday, May 16 2024, 20:45

ArmInfo. Beata Javorcik, Chief Economist at the European Bank for Reconstruction and Development  (EBRD), clarified what caused the "optimism" of the EBRD, which in  its latest report forecasted a 6.2% growth of the Armenian economy,  answering a question from an ArmInfo correspondent. 

Finance Ministry, French Development Agency sign cooperation  agreement for 2024-2027
 Thursday, May 16 2024, 19:54

ArmInfo. The Ministry of Finance of Armenia signed a cooperation agreement with the French Development  Agency (The Agence Francaise de Developpement - AFD) for 2024-2027. The Agency's  press service reports, referring to the results of a meeting in the RA government, which took place with the participation  of the Ambassador of France to Armenia Olivier Decottignies  and Bertrand Walckenae, Deputy CEO the AFD.

During the 33rd EBRD Business Forum, Ardshinbank hosted a panel discussion on economic and trade sanctions.
 Thursday, May 16 2024, 17:31

ArmInfo.As part of the 33rd EBRD Business Forum on May 15 at the Dvin , Ardshinbank, a flagship sponsor of the event, organized a panel discussion on economic and trade sanctions. Ardshinbank's initiative brought together international experts, as well as representatives from the private and public sectors interested in monitoring sanction processes, onto one platform. The main objective of the discussion was to exchange views and assist participants in the practical implementation of sanctions compliance.

Government to allocate additional AMD 3 billion to finance state  order for healthcare
 Thursday, May 16 2024, 16:24

ArmInfo. On May 16, the Armenian government decided to redistribute funds and allocate 3 billion drams  to fulfill the state order for healthcare.

EBRD provides $10 million loan to ArmSwissBan to support  competitiveness and green transition of MSMEs
 Thursday, May 16 2024, 16:18

ArmInfo. The European Bank for Reconstruction and Development (EBRD) is providing a US$ 10 million  financial package to ArmSwissBank in Armenia to finance the private  sector's investments in growth, competitiveness, and greener and more  sustainable practices, the Bank's press service reports.

Armenian government approves program for providing housing to  families from Artsakh; expenses estimated at  AMD 10-12 billion 
 Thursday, May 16 2024, 14:41

ArmInfo. On May 16, the Armenian government approved a program to support the providing of housing to  families forcibly displaced from Nagorno-Karabakh.

EBRD, USAID to develop transport infrastructure of Armenia,  Azerbaijan, Georgia 
 Thursday, May 16 2024, 10:57

ArmInfo.The European Bank for Reconstruction and Development (EBRD) and the United States Agency  for International Development (USAID) have signed a Memorandum of Understanding (MoU) to develop the Trans-Caspian International Transport Route, also known as the Middle Corridor, to further enhance connectivity between Asia and Europe, via the South Caucasus.

No specific dates for the entry into force of the law on compulsory  life insurance for tourists visiting Georgia - RA MFA
 Thursday, May 16 2024, 10:31

ArmInfo.At the moment, there is no specific date for the entry into force of the law on compulsory  life and health insurance for tourists visiting Georgia. This was reported by the press secretary of the Armenian Foreign Ministry Ani Badalyan.

Pashinyan: all those who have the necessary skills, abilities and  desire can make a profit in Armenia
 Wednesday, May 15 2024, 19:08

ArmInfo. In recent years, the economy of the Republic of Armenia has recorded  a great growth. Since the non-violent Velvet Revolution of 2018, the Armenian economy has grown by almost 30%, state budget revenues have increased by more than 91%, and about 200 thousand jobs have been opened, which means an increase in the total number of jobs by about 37%.

Odile Renaud-Basso: Armenian economy continues to grow despite  numerous negative factors
 Wednesday, May 15 2024, 17:59

ArmInfo. Despite numerous negative factors, Armenia remains resilient and the economy continues to  record good results, said Odile Renaud-Basso, the President of the European Bank for Reconstruction and Development (EBRD), on May 15 at the Bank's Annual Meeting in Yerevan.

Minister of Territorial Administration and Infrastructures refrains  from specifying North-South Road Corridor Investment Program`s  implementation costs and deadlines 
 Wednesday, May 15 2024, 17:14

ArmInfo. T Minister of Territorial Administration and Infrastructures of Armenia Gnel Sanosyan refrained   from specifying even the approximate cost of the North-South Road Corridor Investment Program and preferred not to indicate the deadlines of its implementation.

EBRD improves Armenia`s GDP growth forecast for 2024 from previous  4.5% to updated 6.2%
 Wednesday, May 15 2024, 17:13

ArmInfo.The European Bank for Reconstruction and Development (EBRD) has improved its GDP growth forecast for Armenia for 2024 from the previous 4.5% to an updated 6.2% (versus actual 8.7% growth in 2023), expecting a slowdown to 4.8% in 2025, according to the Bank's latest Regional Economic Prospects. "Taming inflation"  report, published today.

FMO provided Ardshinbank with a guarantee for a credit portfolio of 20 million US dollars
 Wednesday, May 15 2024, 15:35

ArmInfo.During the 33rd annual meeting and business forum of the European Bank for Reconstruction and Development (EBRD), Ardshinbank CJSC and the Dutch entrepreneurial development bank FMO signed a Guarantee Agreement for a credit portfolio worth 20 million US dollars with a term of 7 years.

Lending for construction of southern section of Sisian-Kajaran road  will be largest program ever implemented by EBRD in Armenia - Bank  President 
 Wednesday, May 15 2024, 15:21

ArmInfo. The European Bank for Reconstruction and Development (EBRD) is lending EUR 236 million to  Armenia to finance the construction of the southern section of the Sisian-Kajaran road.  

French Development Agency, Armenian government to expand cooperation  areas and programs` scope 
 Wednesday, May 15 2024, 15:19

ArmInfo. Armenia's Prime Minister Nikol Pashinyan received the Deputy CEO of the French Development Agency (Agence Fran‡aise de D‚veloppement - AFD)  Bertrand Walckenaer.

Noubar Afeyan willing to use his potential to strengthen Armenia 
 Wednesday, May 15 2024, 11:51

ArmInfo.Well-known entrepreneur, scientist, philanthropist, founder and director of Flagship Pioneering Noubar Afeyan expressed his readiness to use his capabilities and connections to strengthen the Motherland. He stated  this during a meeting with the Minister of High- Technological Industry of Armenia Mkhitar Hayrapetyan.

Ministry of Economy of Armenia denies that growth in agricultural  exports is due to re-exports
 Wednesday, May 15 2024, 00:33

ArmInfo. As part of an earlier meeting between Head of Food Safety Inspectorate of Armenia, Armen  Hayrapetyan, and Sergei Dankvert,  Head of the Federal Agency for Veterinary and Phytosanitary Supervision of Russia, a significant increase in the supply of fruits and vegetables from the Republic of  Armenia to the Russian Federation was recorded.



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