Wed, 14 January
-0.9 C
Yerevan
USD: 380.33 RUB: 4.84 EUR: 443.24 GEL: 141.16 GBP: 511.62

Government approves $55 million loan agreement with EBRD

YEREVAN, June 9. /ARKA/. The government of Armenian has approved on Thursday a loan agreement to the tune of $55 million, signed in February 2016 with the European Bank for Reconstruction and Development (EBRD).

The Agreement provides for the improvement of tourist and cultural infrastructures. In particular, the funds will be spent on the reconstruction projects in the villages of Areni, Tatev, and Tandzatap.

More specifically, the facades and roofs, roads, street lighting, water supply and sewerage systems will be rehabilitated and necessary infrastructure built.

Also, part of the loan will be used for the improvement of cultural monuments such as Zorats Karer, Garni Temple and the Garni Gorge, Gegardavan and Dvin museums, Khor Virap monastery, also cultural monuments in Khndzoresk, Yeghegis, Haghpat and Sanain.-0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Armenia approves amendments to agreement on automatic exchange of financial account information

During a meeting on Thursday, the Armenian government gave its approval to a draft law that ratifies the amendment to the Multilateral Agreement of Competent Authorities regarding the "Automatic Exchange of Financial Account Information," which was signed on October 14, 2014.

Market capitalization increased by 6.29% in December to approximately 467 billion drams – Armenia Stock Exchange

 Armenia Stock Exchange (AMX) has summarized the trading activity for December 2025. During the month, a dynamic trading environment has been maintained, highlighting growing investor confidence and market activity.

Armenia’s financial system in December 2025: interest rate declines, lending grows

In December 2025, Armenia's financial market was characterized by a combination of moderate monetary easing, continued high growth rates in bank lending, and the continued development of capital market instruments.

LATEST NEWS

spot_imgspot_imgspot_img