ArmInfo. The Eurasian Development Bank (EDB) has developed a database of non-sovereign financing, which contains investments of international financial  institutions (IFIs) coming to the countries of the Eurasian region.  It contains more than 1,700 projects of international financial  institutions in 11 countries of the Eurasian region over the past 16  years, detailed by 50+ parameters.

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ArmInfo. Ardshinbank has begun a strategic technical assistance initiative with the European Investment Bank (EIB) within the framework of the Greening Financial Systems program.

ArmInfo. Ameriabank has been named the Bank of the Year 2024 in Armenia by The Banker Magazine, a leading financial publication affiliated with the Financial Times (FT). Winners of the Bank of the Year Awards were announced at the 2024 Banker Awards ceremony held in London on December 4. The prestigious award covers 127 countries and recognizes excellence of financial institutions that have grown while retaining a solid balance sheet, improved the quality of their service, invested in technology and considered their role within their local communities.

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ArmInfo. The Eurasian  Development Bank (EDB) has revised its forecast for Armenia's GDP  growth in 2024 from the previous 7.5% to a new 6%, citing a reduced  contribution from the precious metals processing and export sector in  generating added value.

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ArmInfo.Armenia will  attract a 50 million euro loan from the OPEC Fund for International  Development as part of the Second Green, Inclusive and Sustainable  and Development Policy Program. The agreement is currently being  discussed for ratification at an extraordinary session of the  National Assembly of the Republic of Armenia on December 5.   According to RA Finance Minister Vahe Hovhannisyan, this is a budget  assistance program that also involves the World Bank. The loan funds  will be used to finance the country's state budget deficit for 2024,  which amounts AMD 482.9 billion. To address this issue, it is planned  to secure credit resources in the amount of $450 million. The OPEC  fund loan is provided for a period of 18 years, with a grace period  of 5 years for payments, and an annual interest rate of a floating  6-month EURIBOR + 1.56%, which as of December 2 is 4.235%.

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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. 

ArmInfo. The Head of the  Armenian office of the German Society for International Cooperation  (GIZ), Madeleine Rauschenberger, presented details of the planned  program "Sustainable Water and Wastewater Management for Flexible  Development of Armenian Communities" at a meeting with the Deputy  Minister of Territorial Administration and Infrastructure of the  Republic of Armenia Vache Terteryan.  As reported by the press  service of the Ministry of Territorial Administration, the program is  scheduled to last three years and will start at the end of 2025.

ArmInfo. In Armenia, the  economic growth rate for January- October 2024 has decreased to 8.1%  per annum (down from 9.2% in the same period in 2023). However,  unlike the previous year, the industrial sector has become a key  diver of growth. According to the final data from the RA Statistical  Committee, this is accompanied by ongoing high growth rates in both  exports and imports.

ArmInfo. On December 5, RA  Deputy Prime Minister Mher Grigoryan received the newly appointed  Ambassador Extraordinary and Plenipotentiary of the People's  Democratic Republic of Algeria to the Republic of Armenia Boumediene  Guennad.