Mon, 28 April
17.1 C
Yerevan
USD: 390.33 RUB: 4.73 EUR: 443.14 GEL: 142.02 GBP: 519.57
spot_img

Piazza Grande business center to host EBRD news conference on €1.9 million co-financing grant

YEREVAN, October 19. / ARKA /. The Piazza Grande business center in Yerevan located at 10, Vazgen Sargsyan street will host a news  conference on October 20 in connection with the signing of a € 1.9 million co-financing grant provided by the Eastern Europe Energy Efficiency and Environment Partnership to Yerevan Municipality to modernize the city’s street lighting system.

The press conference will be conducted by the head of EBRD Yerevan Office, Mark Davis, E5P Fund manager Anders Lund and head of the European Union Delegation to Armenia’s cooperation section Hoa-Binh Adjemian.

The rest of the $6 million worth project will be provided by the European Bank for Reconstruction and Development (EBRD). Yerevan has a population of 1.1 million. Its street lighting network consists of old, inefficient and environmentally polluting mercury-based lights.

The heavy-metal based content of the current lighting system contributes to energy waste and is a considerable environmental hazard. Due to the antiquated condition of the current system and the high percentage of lights that are not working, large parts of the city are not sufficiently illuminated.

To overcome this problem the pilot project will introduce new energy-efficient LED lighting, a control and monitoring system, pole replacement and renovation as well as power cable replacement.

This will result in better service quality and improved environmental standards due to reduced energy consumption and the minimization of operating and maintenance costs. Lighter streets will also be safer for pedestrians and motorists alike. -0-

spot_img

POPULAR

“Bear market’: sale of crypto-assets or the right time to buy

According to many news reports, cryptocurrencies are experiencing now a "troubled" time and might not survive in this massive bear market

Russian president gives Yerevan-based Balchug Capital permission to buy Gazprom, Inter RAO, and LUKOIL shares from Goldman Sachs

Goldman Sachs International will be able to sell minority stakes in a number of Russian blue chips to Balchug Capital CJSC, the same company that received permission from Russian authorities to buy the local banking unit of the American financial group.

Draft law on crypto assets to be submitted to Armenian parliament in coming weeks – Deputy Chairman of Central Bank

The draft law on crypto assets, developed by the Central Bank of Armenia in the context of European norms, will be submitted to the Armenian parliament in the coming weeks, said Deputy Chairman of the Central Bank Armen Nurbekyan.

Euro exchange rate sharply up 1.9 points to AMD 445.1

The average market exchange rate of the U.S. dollar to the Armenian dram on April 14, 2025, decreased by 0.15 points to AMD 390.92 compared to April 11.

Protest against bank loan fraud in Yerevan

A protest related to cases of fraud in banks and credit organizations in Armenia took place in Yerevan on Monday.

LATEST NEWS

spot_imgspot_imgspot_img