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

Unibank Receives B++ Sustainability Alignment Rating from Agents for Impact GmbH

Unibank has received a Sustainability Alignment Rating of B++ from Agents for Impact GmbH (Frankfurt, Germany).

Central Bank of Armenia Proposes Information Security Requirements for Crypto-Service Providers

The Central Bank of Armenia (CBA) has submitted a draft regulatory act for public discussion that establishes minimum information security requirements for entities providing services related to crypto-assets.

Ardshinbank and Ameriabank Account for Over Half of Armenian Banks’ Profit in First 9 Months

Ardshinbank and Ameriabank generated 50.81% of the total profit of Armenian banks from January to September 2026, according to an operational bulletin from the ARKA news agency.

Aggregate assets of Armenian banks grew by 20.82% to 14.46 trillion drams by the end of September 2026

As of September 30, 2026, the aggregate assets of Armenian banks reached 14.46 trillion drams, an increase of 20.82% compared to September 30, 2025, according to an operational bulletin from the ARKA news agency.

Euro and ruble exchange rates against the Armenian dram have risen, while the dollar has fallen —Central Bank of Armenia

The average market exchange rate of the US dollar against the Armenian dram, as established in Armenia’s foreign exchange market on October 21, 2026, decreased by 0.05 points compared to October 20, reaching 361.4 drams.

LATEST NEWS

spot_imgspot_imgspot_img