Tue, 29 April
11.1 C
Yerevan
USD: 389.46 RUB: 4.73 EUR: 441.92 GEL: 141.70 GBP: 519.38
spot_img

Sergey Ignatov appointed new head of EDB office in Armenia

YEREVAN, February 4. / ARKA /. Sergey Ignatov was appointed new director of the Eurasian Development Bank (EDB) office in Armenia, the EDB said in a statement posted on its official website.

“In his new capacity Mt. Ignatov will be in charge of organization of  financing of large investment projects of EDB in Armenia”, the statement says.

Sergey Ignatov is replacing Sergey Elizarov who held the position for four years and whose main task was to open an EDB office in Armenia and ensure its normal operation.

Sergey Ignatov was born in 1981 in Moscow. In 2003 he graduated from the Engineering and Economics Institute of the Russian Academy of Economics after Plekhanov with a degree in economy and management of urban development.

He joined EDB in 2008 where he held various positions.  Sergey Ignatov was involved directly in implementation of eight projects in Russia, Kazakhstan, Belarus and Armenia worth a total of 466 million U.S. dollars. In 2011, he was awarded a diploma of the EDB as the best employee of the Bank.

The Eurasian Development Bank is an international financial institution established by Russia and Kazakhstan in January 2006 to promote the development of market economies, their sustainable economic growth and the expansion of trade and economic ties. Its authorized capital exceeds U.S. $ 1.5 billion. The member states are Armenia, Belarus, Kazakhstan, Kyrgyz Republic, the Russian Federation and the Republic Tajikistan. -0-

spot_img

POPULAR

Euro exchange rate down 1 point, while US dollar and ruble up

The average market exchange rate of the U.S. dollar to the Armenian dram on April 25, 2025, rose by 0.77 points compared to April 23 and amounted to AMD 390.33.

Armenia may access $25 mln from the IMF under the SBA agreement in June

An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with Armenia.

Armenia ratifies EUR 10.1 million investment agreement with EIB on Yerevan’s Second Energy Efficiency Program

The Armenian Parliamentary Committee on Financial, Credit and Budgetary Affairs gave a positive conclusion at its meeting on Friday on the ratification of the agreement on the investment grant for the "Second Yerevan Energy Efficiency Program" in the amount of EUR 10.1 million.

In February, deposits in Armenian banks grew by 1%, loans decreased by 0.1% due to dram funds

In February 2025, deposits in Armenian commercial banks grew by 1% (MoM), while loans decreased by 0.1% (MoM), in both cases the changes were due to funds denominated in drams.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img