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

The average exchange rate of the Armenian dram to the US dollar in April was 4.2% lower than a year ago

In April 2026, the average exchange rate of the Armenian dram to the US dollar was 374.2 drams, compared to 390.7 drams in April 2025, according to data from the Statistical Committee.

The international chess tournament supported by IDBank has concluded

The Yerevan Spring ID Cup, organized with the support of IDBank, has successfully concluded.

100 million euros will be allocated for business development in Armenia: ACBA Bank

CBA Bank, in a new partnership with the European Bank for Reconstruction and Development, will allocate 100 million euros to the development of businesses operating in Armenia, with the EBRD bearing the risk of 50 million euros of the financing.

Unibank provided cashback to more than 2 000 reliable SME borrowers

In the first quarter of 2026, Unibank’s SME loan portfolio increased by 28% compared to the same period last year.

Armenia’s total public debt exceeded $14 billion as of March 2026

Armenia's total public debt as of March 31, 2026, amounted to $14,077.138 million, a decrease of $57.761 million compared to February 28, 2026. This is according to a report by the National Statistical Committee of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img