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

An Armenian Business Founded in a Garage: Games for Live Communication with the Support of Acba Bank

The success story of board games created by David Hovhannisyan began in a small garage near his home. David and his friends created educational games during their student years; as the number of orders grew, they decided to expand the business.

A unique greenhouse complex opened in Armenia

A unique greenhouse complex for tomato cultivation, equipped with artificial intelligence, robotics, and the latest technologies, has officially opened in the village of Nor Yedesia in the Aragatsotn region, according to the press service of Acba Bank.

S&P affirms Armenia’s ratings, maintaining a positive outlook

The international rating agency S&P Global Ratings affirmed the long- and short-term sovereign ratings of the Republic of Armenia at 'BB-/B', maintaining a positive outlook, the Ministry of Finance reported.

Armenia’s bank rates are responding slowly to the Central Bank’s rate cut, regulator 

Interest rates in Armenia's banking system are adjusting slowly, despite the reduction in the monetary policy rate and short-term market rates.

“Unisport” Competes in the UEFA Futsal Champions League

Unisport Futsal Club, established with the sponsorship of Unibank, will host UEFA Futsal Champions League 2026/27 preliminary round matches in Yerevan on August 26, 27 and 29.

LATEST NEWS

spot_imgspot_imgspot_img