Wed, 18 February
5.1 C
Yerevan
USD: 376.83 RUB: 4.91 EUR: 446.28 GEL: 140.74 GBP: 512.34

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

Unibank Becomes  A-Level Member of Armenian- British Business Chamber

Unibank is pleased to announce its A-Level membership in the Armenia British Business Chamber (ABBC), marking an important milestone in strengthening its international cooperation and actively engages with the global business community.

Euro, USD and Russian ruble drop against Armenian dram

As of February 11, 2026, the average market exchange rate of the US dollar to the Armenian dram, established on the Armenian foreign exchange market, has dropped by 0.37 points from February 10, now standing at 377.51 drams.

USD, euro, and ruble appreciate against Armenian dram

As of February 16, 2026, the average market exchange rate for the US dollar to the Armenian dram increased by 0.73 points compared to February 13, reaching 377.67 drams.

Union of Banks of Armenia: cryptocurrency market is gaining momentum with 2-3 banks planning to obtain licenses

The Armenian cryptocurrency market is gaining momentum: 2-3 banks plan to obtain separate licenses to handle these operations, Daniel Azatyan, head of the Union of Banks of Armenia (UBA), stated in response to a question from ARKA news agency.

Share of bad loans is decreasing – head of the Union of Banks of Armenia

The share of bad loans in the system is declining and is less than 2%. Daniel Azatyan, head of the Union of Banks of Armenia (UBA), announced this at a final press conference.

LATEST NEWS

spot_imgspot_imgspot_img