Sun, 5 October
21.1 C
Yerevan
USD: 382.76 RUB: 4.67 EUR: 449.25 GEL: 140.62 GBP: 514.85

EBRD plans to buy stakes in Armenian companies in 2011

YEREVAN, June 9. / ARKA /. In an interview with ARKA news agency, Valeriu Razlog, head of EBRD Yerevan Office, said the Bank was considering the possibility of buying stakes in several Armenian companies.

‘The talks on one project with a small Armenian company has progressed enough, and we are considering several other proposals as well,’ he said, but could not say exactly how many of them EBRD will have at the end of the year, and what their volume will be.

He said the bank’s participation in the capital of Armenian companies will be a single case as no large projects are planned. He said also the progressed project involves the telecommunications sector, and besides, several other projects in the food industry and in manufacturing are being considered.

EBRD is one of the largest foreign investors in Armenia. It opened its office here in 1994 having committed since then a 400 million euro aid to Armenia. -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.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img