Sarkissian invites EIB vice president to take part in one of his initiatives

YEREVAN, November 1. /ARKA/. Armenian President Armen Sarkissian received Thursday Vice President of the European Investment Bank (EIB) Vazil Hudak, the presidential press office reported.
Head of the Delegation of the European Union to Armenia Andrea Victorin was present at the meeting .

Presenting the programs the bank is implementing in Armenia, Vazil Hudak said that they are focused on infrastructures and aimed at improvement of living standards in the country.

Sarkissian, for his part, called the cooperation with the bank effective noting that the best proof are successful programs. Along with that, he proposed to pay greater attention to promising projects focused on the future. The president expressed confidence that Armenia’s future is innovations and advanced technologies, artificial brain segment and mathematical modeling.

In this context, he presented one of the new presidential initiatives – the Advanced Tomorrow program aimed at development of technologies and science in Armenia, which can also attract big international IT companies to Armenia for implementation of scientific and educational programs.

This creates a right environment, he said, and will give a chance to the youth to get knowledge and skills from big companies’ specialists.

Vazil Hudak, on his side, expressed confidence that EIB will have opportunities for cooperation as well.
As of February 2019, the European Investment Bank (EIB) has invested about 380 million euros in the various projects implemented in Armenia. -0-

spot_img

POPULAR

US dollar, euro, and ruble drop against Armenian dram

YEREVAN, August 18. /ARKA/. The average market exchange rate for the US dollar against the Armenian dram on the Armenian foreign exchange market as of August 18, 2026, fell by 0.25 points to 365.25 drams compared to August 17.

“Solis” CJSC’s bonds listed on Armenia Stock Exchange

YEREVAN, August 18. /ARKA/. The range of companies listed on the Armenia Stock Exchange (AMX) continues to expand, contributing to the development of the capital market and creating new opportunities for businesses.

Armenia set to enhance development of its capital market, targeting large issuers and new investors

YEREVAN, August 20. /ARKA/. The Armenian government prioritizes diversifying funding sources and advancing the capital market to foster sustainable and productive economic growth.

Central Bank of Armenia warns of fraudulent schemes involving bank accounts

YEREVAN, August 17. /ARKA/. Recently, there has been an increase in cases of criminals luring citizens into suspicious financial transactions using their bank accounts or cryptocurrency accounts, as well as e-wallets or cards to transfer criminally obtained funds, in order to conceal their true origin and beneficiaries, according to a statement from the Central Bank of Armenia's press service.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (August 10-16)

YEREVAN, August 17. /ARKA/. Armenia's financial agenda last week focused on setting up payment and cryptocurrency infrastructure, capital market activity, and the parameters of the next stage of universal health insurance.

LATEST NEWS

spot_imgspot_imgspot_img