Mon, 18 August
33.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

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

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Deposits in commercial banks of Armenia at the end of June amounted to 6.7 trillion drams

According to the National Statistical Committee, the volume of deposits in all 17 Armenian commercial banks at the end of June 2025 amounted to 6,693,323 million drams, up from 6,665,578 million drams in May.

Euro jumps 2.54 points to AMD 447.76

The average market exchange rate of the US dollar to the Armenian dram on August 7, 2025, fell by 0.03 points compared to August 6 and amounted to AMD 383.65.

Volume of loans issued by commercial banks of Armenia exceeded 7 trillion drams at the end of June

The volume of loans issued by commercial banks of Armenia as of the end of June 2025 amounted to 7,053,648 million drams against 6,866,119 million drams at the end of May.

LATEST NEWS

spot_imgspot_imgspot_img