Armenia, Germany expand financial cooperation

YEREVAN, October 25. /ARKA/. Armenian Finance Minister Atom Janjughazyan received Friday German Ambassador to Armenia Michael Johannes Banzhaf, the press office of the ministry reports.
Current cooperation and prospects for its development were discussed at the meeting along with other issues.

The Armenian minister and the German ambassador stressed the importance of the programs being implemented in energy, environment, small and medium businesses and insurance of farming.
The activities of German Developmnet Bank (KfW) and the German Society for International Cooperation (GIZ) were discussed at the meeting as well.

An agreement of cooperation between Armenian and German governments was signed upon completion of the meeting. -0—

spot_img

POPULAR

Unibank provided cashback to more than 2 000 reliable SME borrowers

In the first quarter of 2026, Unibank’s SME loan portfolio increased by 28% compared to the same period last year.

Union of Banks: SMEs account for approximately 37% of Armenia’s economy and receive 60% of business loans

Small and medium businesses account for approximately 37% of Armenia's economy and receive approximately 60% of business loans, stated Daniel Azatyan, Chairman of the Union of Banks of Armenia.

Inflation of 5.3% recorded in Armenia in April

In the Armenian consumer market, 12-month inflation in April of this year amounted to 5.3%, according to a report from the Statistical Committee of Armenia.

Armenian Audit Firm Revenue Increased by 18% to AMD 16.2 Billion in 2025

At the end of 2025, the total revenue of audit firms (a combination of audit and other services) in Armenia amounted to approximately AMD 16.2 billion, representing an increase of approximately 18% compared to the previous year.

Armenia Shows Significant Progress in Using More Complex Financial Instruments – EBRD

Armenia is demonstrating significant progress and growing readiness to use more complex financial instruments, said Elisabetta Falcetti, the bank's Executive Director for Turkey and the Caucasus, in an interview with ARKA news agency.

LATEST NEWS

spot_imgspot_imgspot_img