Tue, 24 February
3.1 C
Yerevan
USD: 376.97 RUB: 4.91 EUR: 444.71 GEL: 140.91 GBP: 509.10

Eurasian Economic Union development banks to support export-oriented industries

MOSCOW, October 29. /ARKA/. The Eurasian Economic Union member countries’ development banks have signed a cooperation memorandum and made a joint decision on sectoral development, Andrei Slepnyov, a member of the Eurasian Economic Commission border, said Thursday in Moscow at the Tenth Eurasian Integration International Conference.

“We are planning the development of appropriate joint projects with development bank,” he said. “We are working to fasten export-supporting measures to the level of national governments and development bank. We will be doing this jointly with businesses, and it is essential that these projects find a broad response among mid-scale entrepreneurs.”

Slepnyov also said that the first Eurasian exhibition is planned to be opened in 2016.
Governors of the Eurasian Economic Union development banks have decided at their meeting in October to support medium businesses and outlined joint steps. They intend to work out joint programs to promote exports and support export-oriented industries.  —-0—

spot_img

POPULAR

Two-thirds of Armenia’s January inflation was driven by rising food and soft drink prices – WB

Two-thirds of the inflation was driven by a 5.9% increase in food and soft drink prices, according to the World Bank's "Armenia Monthly Economic Update – February 2026."

Acba Bank places 10 billion dram-denominated bonds

Acba Bank has begun placing coupon-bearing book-entry bonds through a public offering for a total of 10,000,000,000 (ten billion) drams, the bank's press service reported.

Armenia’s reserves reached a record $5.2 billion in 2025, forming an external resilience buffer – S&P

Armenia's international reserves strengthened significantly in 2025, providing an important buffer against unpredictable external factors, according to a report from international rating agency S&P Global Ratings.

Armenia is discussing the possibility of providing loans to taxi drivers with transparent incomes

Minister of Economy Gevorg Papoyan announced that he has initiated discussions on providing loans to taxi drivers with transparent incomes.

Head of the Union of Banks of Armenia named the riskiest lending sectors

Daniel Azatyan, the head of the Union of Banks of Armenia, identified mortgage and consumer lending as areas that require attention in the context of the risk of credit market overheating.

LATEST NEWS

spot_imgspot_imgspot_img