Tue, 26 August
27.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

European-Armenian investors to invest 20 million Euros in southern province of Syunik

YEREVAN, February 4, /ARKA/. President of the Forum of Armenian Organizations in Europe, Ashot Grigorian, told a news conference today in Yerevan that European-Armenian investors will invest 20 million euros in construction of nine hydropower stations and a building materials plant in the southern province of Syunik.

Ashot Grigorian, who is chief executive of EnergyConsult firm, said investments into energy sector may amount to 15 million Euros. The funding will come from the Czech Court and Euroenergyholding companies in the Czech republic and another part of funding will be provided as loans by Czech and Slovak banks, he said.

He said 2 million euros will be invested in construction of a building materials plant. He said businessmen from the Czech republic, Slovakia and Austria who visited Syunik lately have reached agreements with local authorities and the first agreements will be signed soon.

Senik Julhakian, head of the Czech Court and Euroenergyholding, said the program will kick off in May and is expected to create some 60 new jobs.-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.

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.

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.

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.

VTB (Armenia) endorses the initiative to enhance library collections in the regions

VTB Bank (Armenia) has become a participant in the Newmag BOOK DONATION educational and charitable initiative, which aims to enrich the collections of community libraries located in the regions of Armenia, as reported by the bank's press service.

LATEST NEWS

spot_imgspot_imgspot_img