EBRD to have invested $85 million in Armenia this year

Economy
YEREVAN, December 1, /ARKA/. The European Bank for Reconstruction and Development (EBRD) will have invested into Armenian economy this year about $85 million, EBRD Yerevan Office head Valeriu Razlog said Tuesday. The Bank has invested in 26 different projects, he said, adding that the amount is by $15 million less of what the Bank had invested last year.

Speaking to Armenian journalists he said the Bank is planning now next year’s investments and hopes to invest no less than this year.

He said the main focus will be on traditional products embracing banking and private sectors, but the number of energy-related projects will grow. He said also EBRD is considering several infrastructure projects in municipal sector, like refuse processing, water supply and removal and a transport project. Valeriu Razlog said EBRD plans to purchase shares in some Armenian companies next years.

‘We are negotiating with these companies, but I can not say now what we may get after all. Nonetheless, we hope to present several projects,’ he said.

EBRD is one of the biggest foreign investors in Armenian economy since its inception here in 1994. Up to date it has invested $600 million in 94 projects. -0-

spot_img

POPULAR

Banks

Ranking of the Most Profitable Armenian Banks for the First Quarter of 2026

ARKA News Agency has published a ranking of the most profitable Armenian banks for the first half of 2026.
Banks

Acba Bank to Support Armenian Exports

To support the development of local producers, promote Armenian exports to various countries worldwide, and enhance the competitiveness of Armenian businesses, Acba Bank is offering the best export factoring terms currently available in Armenia until September 30.
Economy

MONEYVAL does not pose a direct threat to the Armenian economy, but requires balanced implementation of its recommendations – economist

The recommendations of the MONEYVAL report on Armenia do not pose a direct threat to the country's economy, but their implementation must be proportionate and not create unjustified barriers for bona fide businesses and investors, according to economist Hrant Mikaelyan.
Exchange market

Dollar and euro exchange rates against the Armenian dram rose, while the ruble weakened slightly: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market as of July 21, 2026, increased by 0.75 points compared to July 20, reaching 366.68 drams.
Announces

T-Bank customers in Armenia can now pay for purchases using QR codes

T-Bank customers in Armenia can now pay for purchases using QR codes through the mobile app, the bank's press service announced.

LATEST NEWS

spot_imgspot_imgspot_img
Previous article
Ameriabank extends deadline of competition on banking system of Armenia in 100 years
Next article
Users of Areximbank – Gazprombank group’s cards get chance to travel to Italy