Tue, 14 October
5.1 C
Yerevan
USD: 382.57 RUB: 4.73 EUR: 443.25 GEL: 141.20 GBP: 510.46

Armenian government and German KfW willing to expand cooperation

YEREVAN, June 19. /ARKA/. Armenian Prime Minister Nikol Pashinyan received today a delegation headed by Olaf Zimelka, the regional director of the German Development Bank (KfW) for Central Asia and the South Caucasus.

The government press office quoted Pashinyan as saying that his government appreciates highly cooperation with the bank, and stressing its role in various sectors of Armenian economy.

Nikol Pashinyan was said to have stressed the need to increase the effectiveness of joint credit programs and to ensure the duration of projects. The head of the government spoke also about the priorities of the government and the status of reforms designed to improve the business environment and stimulate investment.

Stressing that the partnership with Armenia contributes to the development and strengthening of the Armenian-German cooperation, Zimelka added that KfW is ready to contribute to the expansion and strengthening of cooperation.

The sides discussed also issues of current and prospective programs in the fields of energy, agriculture and infrastructures. -0-

spot_img

POPULAR

Armenia’s total public debt exceeded $14.1 billion as of August 2025

Armenia's total public debt as of August 31, 2025, amounted to $14,130.342 million, an increase of $31.781 million compared to July 31, 2025.

Euro, US dollar, and ruble exchange rates against Armenian dram increased slightly

The average market exchange rate for the US dollar against the Armenian dram on October 7, 2025, increased by 0.05 points compared to October 6, reaching 382.63 drams.

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.

LATEST NEWS

spot_imgspot_imgspot_img