ArmInfo. The European Bank for Reconstruction and Development (EBRD) is providing a EUR 5 million financial support package to Armeconombank in Armenia to facilitate  the private sector's transition to more sustainable, low-carbon and  climate-resilient practices. 

ArmInfo.The European Bank for Reconstruction and Development (EBRD) has approved $15mln loans under the micro-, small and medium sized enterprises (MSMEs - $5mln) and Women in Business (WiB - $10mln) for Ameriabank. According to an EBRD report, loans are provided under the SME Competitiveness Programme in  Eastern Partnership (EaP SMEC). 

ArmInfo.

ArmInfo. On the eve of the New Year, Ameriabank launched 2 unprecedented offers on business loans with a six-month grace period, which exempted the principal and  interest payments. Director Retail Banking at Ameriabank CJSC Arman  Barseghyan announced this in the evening of December 9 during a press  conference, noting that the grace period established within the  framework of these offers will allow business entities to reduce the  credit burden and direct funds available for this time to business  development.

ArmInfo. Over 9 months of 2021, Armenia's GDP increased by 11.1% per annum - up to 4.8 trillion drams or $ 9.3 billion, against a decline of 6% in the same period in  2020 and 9.7% growth in the Pre-COVID comparable period. This is  evidenced by the data of the RA Statistical Committee.

ArmInfo.The OPEC Fund for International Development (the OPEC Fund) and Ameriabank, the largest universal bank in Armenia, have signed a US$30 million long-term senior loan agreement to support private sector development in the country.

ArmInfo.Hermine Harutyunyan founded HERMINA beauty parlor 5-6 year ago together with her sister.  The sisters have rich practice.  They have recruited a professional staff and nowadays offer services with a motto “We trim the spirits.”

ArmInfo.Armenia will allocate 25 million euros for the modernization of urban transport. The loan agreement "Yerevan Bus Program" was signed on November 24 at the RA  Ministry of Finance between the Republic of Armenia and the European  Bank for Reconstruction and Development (EBRD).

ArmInfo. On November 25, Amriabank will start the primary distribution of a regular tranche of USD registered, coupon and non-documentary bonds, with the issue  amounting to $8mln, according to the prospectus available on the  website of the /central Bank of Armenia (CBA).

ArmInfo.TSAYG TV is well known in Armenia.  According to Margarita Minasyan, the director of TSAYG LLC, the television in Armenia cannot ensure large financial flows, though needs large financial investments for development.  That was why the owners decided renovating the own real estate in the center of Gyumri to open a business center and to direct a part of revenues for the development of the TV company.

ArmInfo.

ArmInfo.According to preliminary estimates, the purchase of new buses serving public  transport in the city of Yerevan will require 120-150 million euros.  On October 28, the Armenian government approved the proposal to sign  a grant agreement "Yerevan Bus Program" between the Republic of  Armenia, "Yerevan Bus" CJSC and the European Bank for Reconstruction  and Development.

ArmInfo. The European Bank for Reconstruction and Development (EBRD) is providing a US$ 5 million financial package to Inecobank in Armenia to facilitate the  private sector's transition to more sustainable, low-carbon and  climate-resilient practices. The project is supported by the European  Union (EU) with 523,000 EUR of grant incentives.

ArmInfo.ARMSWISSBANK has been awarded "Leading Partner Bank in Armenia" in 2021 by Asian Development Bank (ADB) based on previous year trade finance results.  The award is the result of the Bank's year-over-year effective  cooperation with ADB within the scope of trade finance program.

ArmInfo. Electric Networks of Armenia CJSC, part of the Tashir Group, is starting the  implementation of the second stage of modernization of the electric  grid facilities. To this end, the company attracted loans from the  European Bank for Reconstruction and Development (EBRD) (USD 70  million) and the Asian Development Bank (ADB) (USD 35 million).

ArmInfo.The construction of a new bridge across the Debed River on the territory of the Sadakhlo-Bagratashen checkpoint of the state border of the Republic  of Armenia is in full swing, the Road Department SNCO reports.

ArmInfo. The State Revenue Committee (SRC) of Armenia plans to fully transfer the implementation of customs procedures to an electronic platform thanks to cooperation  with the European Bank for Reconstruction and Development (EBRD), the  CSRC press service reported.

ArmInfo.On September 7, Minister of Finance of Armenia Tigran Khachatryan received Regional Director of the European Bank for Reconstruction and Development  (EBRD) for Caucasus, Moldova and Belarus Catarina Bjorlin Hansen and  Head of EBRD Yerevan Office Dmitry Gvintadze.

ArmInfo.Deputy Prime Minister of the Republic of Armenia Suren Papikyan met with the Regional Director of the European Bank for Reconstruction and  Development (EBRD) in the Caucasus, Moldova and Belarus Catarina  Bjorlin Hansen. The latter was accompanied by the head of the EBRD  Yerevan office Dmitri Gvindadze.

ArmInfo. In 2020, the European Bank for Reconstruction and Development (EBRD) implemented programs in Armenia in a total volume of 160 million euros.  Head of  EBRD Armenia Office Dimitri Gvindadze stated this, answering the  question of an ArmInfo correspondent.