Wed, 1 October
15.1 C
Yerevan
USD: 382.52 RUB: 4.64 EUR: 449.38 GEL: 140.57 GBP: 514.03

Armenia to establish office for coordinating ADB programs

YEREVAN, March 10. /ARKA/. Armenia has already embarked on establishment of an office for coordinating construction programs being implemented in cooperation with Asian Development Bank, Armenian Prime Minister Tigran Sargsyan said Wednesday at his meeting with Werner Lipack, vice president of the bank’s department on central and western regions.

Sargsyan said that Armenia attaches importance to cooperation with Asian Development Bank.

North-South highway construction was among the issues discussed at the meeting.

The premier said that construction of this road is one of Armenian government’s top-priority focuses.

Creation of free trade zone in Yerevan’s Zvartnots Airport was among topics under discussion.

The Armenian prime minister and the representative of Asian Development Bank also spoke about railway construction and development of transportation links.

Sargsyan expressed appreciation of the bank’s support.

He said he has instructed the economy ministry to work out a comprehensive export-spurring program for 2010.

The premier expressed hope that involvement of the bank’s experts in this project will be useful to Armenia.

Asian Development Bank has already provided $21.4 million of $48 million under the tree-year program aimed at recovery of rural roads.

The Asian Development Bank was established in 1966. The bank has 67 members.

Armenia joined the bank on September 20, 2005.

Armenia has signed a number of agreements and the mutual understanding memorandum with the Asian Development Bank.

The bank’s rural road and water supply projects in Armenia are estimated to cost $83 million.-0–

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

LATEST NEWS

spot_imgspot_imgspot_img