Mon, 7 April
11.1 C
Yerevan
USD: 391.22 RUB: 4.63 EUR: 431.28 GEL: 142.08 GBP: 508.39
spot_img

Eurasian Development Bank to open office in Armenia

YEREVAN, March 15. /ARKA/. Armenian government welcomes Eurasian Development Bank’s intention to open its office in Armenia.

Levon Shahverdyan, deputy energy minister, speaking Thursday at a governmental meeting, said Armenia expressed wish to join the bank and became a member of the bank yet in 2008, and in February 2009, Armenian National Assembly ratified this agreement.

Arthur Javadyan, chairman of the Central Bank of Armenia, who spoke at the same meeting, said that the Eurasian Development Bank will carry out all financial operations here, including attraction of deposits from legal entities.

No particular date has been set for opening the office.

Armenia has submitted eight credit programs totaling $500 million to the Eurasian Development Bank.

There are also large, medium and small projects intended for chemical and energy sectors among these programs.

Eurasian Development Bank was established on January 12, 2006 in Astana, Kazakhstan.

The bank started functioning on June 16, 2006.

Eurasian Development Bank is an international organization.

The bank was established with authorized capital of $1.5 billion, of which $1 billion was Russia’s and $500 million Kazakhstan’s. —0—

spot_img

POPULAR

Armenia’s public debt increased by 6.2% at the end of 2024 – Finance Ministry

Armenia's public debt at the end of 2024 increased by 6.2% compared to the same period in 2023, reaching about 5 trillion drams, said Armenian Finance Minister Vahe Hovhannisyan.

Armenian banks’ profits should be invested into various sectors- UBA head

Accumulated profits and funds of the banks should be directed to investments, said Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA), in response to a question from ARKA news agency about forecasts for 2025 and the readiness of banks to contribute to the capital market development.

Fitch: Armenia plans to issue Eurobonds in the first quarter of 2025

Armenian authorities are planning to issue Eurobonds in the first quarter of 2025 to repay a $313 million Eurobond maturing in March 2025, Fitch Ratings said in a report.

 Inflation of 2.5% registered in Armenia in February

In February of this year, the 12-month inflation in Armenia's consumer market was 2.5%, according to a report by the National Statistical Committee (NSC) of Armenia.

Average interest rate on deposits slips 0.3 points to 8.5% in November 2012

Average interest rate on deposits slid 0.3 percentage points in November 2012, compared with the previous month, to 8.5%

LATEST NEWS

spot_imgspot_imgspot_img