Fri, 22 August
23.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Armenia’s government approves signing of €75-million loan agreement with French Development Agency

YEREVAN, December 17. /ARKA/. On Thursday, Armenia’s government gave its approval to signing of a €75-million loan agreement with the French Development Agency.

The government says the money will be spent on improvement of the Vedi Water Reservoir.

«The implementation of the program will mitigate the water-supply problem in Ararat Valley and will allow transition from mechanical irrigation to gravity-flowing irrigation,» the government says in its draft decision.

The loan will be extended for 20 year with a two-year grace period. –0—-

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Twenty-five billion AMD Government bond allocation auction took place on AMX

On August 12nd, an 25,000,000,000 AMD government bond allocation auction took place on the Armenia Stock Exchange. 

LATEST NEWS

spot_imgspot_imgspot_img