Sat, 27 September
18.1 C
Yerevan
USD: 382.71 RUB: 4.59 EUR: 446.43 GEL: 141.38 GBP: 510.80

EBRD’S new strategy for Armenia to be submitted for approval in late November

YEREVAN, September 23. /ARКА/. Armenia’s Deputy Prime Minister Tigran Avinyan received today a European Bank for Reconstruction and Development (EBRD) delegation, led by its First Vice President Jurgen Rigtering.

The office of the Deputy Prime Minister said Avinyan thanked the EBRD for effective cooperation with Armenia, which includes an investment package worth more than 1.3 billion euros provided for implementation of 178 programs. He said they have contributed to the establishment of a more stable financial sector of the country modernization of the energy system, road and water infrastructures, as well as to an increased competitiveness of the country.

Rigtering was quoted as saying that Armenia is moving through impressive reforms, and the bank is ready to assist it in achieving even greater success. In this context, he mentioned the launch of the Armenia-EU SME Fund on September 20, which involves also the EBRD.

The sides were said to have discussed the new EBRD strategy designed for Armenia for 2019-2024, which will be submitted for approval by the EBRD Board in late November. The parties emphasized the importance of a dynamic style of work in the implementation of programs.

Avinyan stressed the importance of the fact that most of the bank’s investment package is centralized in the private sector, which is not only an important source of alleviating the lack of finance, but also contributes to the popularization of management culture, reporting and transparency.

The sides also discussed the partnership between the state and the private sector, the development of the local capital market, as well as issues related to the initial public offering of companies. The parties then touched upon the programs and opportunities for implementing new initiatives in the field of road and water infrastructures, intensive agriculture, renewable energy, public transport and information technology. -0-

spot_img

POPULAR

“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.

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.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

LATEST NEWS

spot_imgspot_imgspot_img