Eurasian Development Bank intends to expand its activity in Armenia

YEREVAN, December 25. /ARKA/. Serzh Sargsyan, Armenian president, received Friday Eurasian Development Bank Management Board Chairman Andrei Belianinov, the presidential press office reports.

Congratulating the guest on being appointed as chairman of the management board of the bank, the Sargsyan expressed confidence that Mr Belianinov’s long work experience in both public and private sectors will help enhance the Bank’s role in the Eurasian space and implement new development programs in member countries.

Serzh Sargsyan and Andrei Belianinov discussed the prospects for deepening cooperation between Armenia and the Eurasian Development Bank, attracting investment and building up the Bank’s capacity.

Noting that during his visit he had already met with the prime minister and the finance minister of Armenia, and was therefore well-informed about the impressive pace of Armenia’s economic development, Andrei Belianinov stressed the Bank’s willingness to expand the scope of its commitments in Armenia. –0—

spot_img

POPULAR

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of April 22, 2026, decreased by 0.21 points compared to April 21, to 372.38 drams.

Net remittance inflow to Armenia from abroad increased approximately 3.5-fold in two months

The net inflow of non-commercial money transfers to Armenia, from abroad through the Armenian banks amounted to $303 million in January-February 2026, compared to $87.5 million in January-February 2025, according to a report from the Central Bank.

In February, Armenia’s net inflow of non-commercial money transfers grew moderately after a jump in January – WB

In February, net non-commercial money transfers to Armenia grew by 5.2 percent (yoy), following a 44 percent (yoy) surge in January, according to World Bank's Armenia Monthly Economic Update – April 2026 .

Ranking of most profitable banks in Armenia based on results of first quarter of 2026

ARKA News Agency has published a ranking of the most profitable banks in Armenia based on the results of the first quarter of 2026.

Some 68% of March inflation in Armenia contributed by food and non-alcoholic beverages-WB

In March, Armenia's inflation rose to 4.5 percent (yoy) from 4.3 percent (yoy) in February, according to World Bank's Armenia Monthly Economic Update – April 2026.

LATEST NEWS

spot_imgspot_imgspot_img