Tue, 10 June
28.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

European Investment Bank and Armenian Central Bank sign 50 million euro loan agreement

YEREVAN, October 24. /ARKA/. The European Investment Bank (EIB) and the Armenian Central Bank signed a 50 million euro agreement October 22 for financing small and medium businesses, the Central Bank said.

According to it, the loan will be provided to the Central Bank, which will make it available to SMEs.
The loans will be provided mainly to finance those projects, which are aimed at stimulating exports, tourism, agriculture and the processing of agricultural products, the Central Bank said.

“Lending programs financed by the EIB play a special role in Armenia in the context of increasing financial affordability. These programs direct local businesses towards competitive and stable development, and help establish the culture of “green” financing among mediator companies,” the chairman of the Central Bank Arthur Javadyan said.

This is the third private sector financing program resulting from the cooperation between EIB and the Central Bank of Armenia. Since 2014 to this day, 100 million euros have been provided by EIB for financing Armenian SMEs -0-

spot_img

POPULAR

Euro and ruble exchange rates to the Armenian dram fell, the dollar rose

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 6, 2025, increased by 0.06 points compared to June 5 and amounted to 383.46 drams.

Mechanism to stimulate cashless payments to be developed in Armenia

On Friday, the Armenian government held a meeting on issues related to stimulating cashless payments in the country.

Average settlement exchange rate of dram to dollar in May was 0.3% lower than a year ago

In May 2025, the average settlement exchange rate of the Armenian dram to the US dollar was 386.6 drams, which is 0.3% lower than the same indicator in May 2024 (387.8 drams).

Acba Bank and NABU launch free 2025 program for organic agriculture development

Acba Bank and the Armenian branch of the German "Nature and Biodiversity Conservation Union" (NABU) are launching a free 2025 Organic Agriculture Development Program, the bank's press service reported.

Dollar and euro exchange rates to the Armenian dram fell again, while the ruble rose

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 4, 2025, fell again by 0.1 points compared to June 3 and amounted to 383.76 drams.

LATEST NEWS

spot_imgspot_imgspot_img