Fri, 17 October
8.1 C
Yerevan
USD: 382.48 RUB: 4.83 EUR: 445.78 GEL: 141.19 GBP: 513.67

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

Pashinyan discussed new opportunities to improve investment climate in Armenia with EBRD President

Within the framework of the second international conference "Global Gateway" in Brussels, Armenian Prime Minister Nikol Pashinyan met with the President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso.

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.

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

LATEST NEWS

spot_imgspot_imgspot_img