Tue, 15 July
28.1 C
Yerevan
USD: 383.74 RUB: 4.93 EUR: 450.05 GEL: 141.25 GBP: 521.81

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 economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

Euro falls by 1.14 drams against Armenian dram, as US dollar rises slightly

The average market exchange rate of the US dollar against the Armenian dram as of July 11, 2025, increased by 0.17 points compared to July 10 and amounted to 383.91 drams.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Armenian Market: Acceleration of Economic Activity is Positive for the Market

In the period from June 16 to June 30, 2025, the Armenian stock market demonstrated mixed dynamics.

Armenia approves grant agreement with ADB for $6 million seismic safety improvement program

The Armenian government approved a $6 million grant agreement between the Republic of Armenia and the Asian Development Bank (ADB) on a seismic safety improvement program at a meeting on Thursday.

LATEST NEWS

spot_imgspot_imgspot_img