ArmInfo. Deputy Minister of  Economy of Armenia Sevak Mikaelyan received a delegation of the World  Bank (WB), headed by the WB Senior Private Sector Specialist Iulia  Cojocaru. This was reported by the press service of the economic  department.

ArmInfo. The situation at  the Upper Lars checkpoint continues to be difficult.

ArmInfo. 15 Armenian producers took part in the international food and beverage exhibition Food Africa, which was held in Cairo from December 3 to 5.

ArmInfo. Over the first 9 months of 2024, sales of Armenian entrepreneurs on Wildberries increased by 14.5 times. This is stated in the company's statement.

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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