Sat, 26 July
22.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

European Investment Bank approved the credit in the amount of 30.8 million euro by modernization program of state borders of Armenia

YEREVAN, March 30. /ARKA/. European Investment Bank approved the credit in 30.8 million euro within modernization program of state borders of Armenia, said Deputy Finance Minister Vardan Aramyan in the meeting with the Prime Minister of Armenia on the issues of modernization of checkpoints “Bagratashen”, “Bavra” and “Gogavan”.

Modernization program of checkpoints in Armenia is assessed 60 million euro. It is the continuation of UNDP program “Integrated management of state borders in South Caucasus”. Construction works on modernization of three border checkpoints (Bagratashen, Bavra and Gogavan) in Armenia have started yet in Autumn 2011.

Press-service of the Armenian government informed ARKA News Agency that Prime Minister of Armenia Tigran Sargsyan had instructed representatives of relevant agencies to organize works in accordance with the defined schedule.

After modernization, the procedures on crossing the borders will be significantly simplified and the system of “one stop” will be introduced.

The goal of the program “Integrated management of state borders in South Caucasus” is the introduction of practical mechanisms of integrated management of borders in Armenia, Georgia and Azerbaijan, as well as development of internal and interdepartmental, inter-agency and international cooperation in South Caucasus, cooperation with EU member-countries and international structures. The program is aimed at the provision of legal movement of people and cargo, as well as protection of borders. -0-

spot_img

POPULAR

In Armenia, bad loans worth over $1 million have been written off under the state support program – Ministry of Social Affairs

14,757 applications for writing off bad loans have been received in Armenia within the framework of the relevant state support program, which started on February 1, 2025.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

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.

LATEST NEWS

spot_imgspot_imgspot_img