EIB to provide grant to raise safety on Armenian roads

YEREVAN, November 7. /ARKA/. The government of Armenia has approved today a proposal to sign an agreement with the European Investment Bank (EIB), where EIB will provide the government with an investment grant to be used to raise the safety on the roads.

Deputy Minister of Territorial Administration and Infrastructures Vache Terteryan said the EIB grant is 4.2 million euros.

“The main goal of the program is to ensure road safety along the M6 ​​highway, running to the north of the country and also some roads running to the south,” Terteryan said.

He said the money will be used to install special safety equipment on the roads, which is supposed to help cut the rate of accidents.

According to official data, the number of traffic accidents in Armenia in the first nine months of 2019 surged by almost 18 percent year-on-year to 3,442. Some d 252 people died in road accidents during that time span, which was 2.9% higher than the number of deaths in the same time span of 2018. In September alone, 33 people died in road accidents, which was 10% higher than in August.

Some 4,961 people were injured in road accidents in 9 months, a 16.0% rise when compared to the same period last year. In September alone, 708 people were injured in rod accidents, which was 10.3% more than in August. -0-

spot_img

POPULAR

VTB (Armenia) Develops Telemarketing as a Modern Remote Service Channel

VTB (Armenia) is developing its telemarketing strategy, taking remote banking to a new level.

Collapse of the US currency market could negatively impact Armenia – Central Bank

A collapse of the US currency market could negatively impact the Armenian market, stated Martin Galstyan, Governor of the Central Bank of Armenia.

Euro and ruble exchange rates against the Armenian dram rose, while the dollar fell: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of June 5, 2026, fell by 0.05 points compared to June 4, to 368.54 drams.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 3, 2026, fell by 0.01 points compared to June 2, to 368.52 drams.

Armenia could become a platform for implementing insurance technologies and AI solutions: head of the Bureau of Motor Insurers

Armenia could become a practical platform for testing and implementing modern insurance technologies and solutions based on artificial intelligence.

LATEST NEWS

spot_imgspot_imgspot_img