Sat, 19 July
28.1 C
Yerevan
USD: 383.74 RUB: 4.93 EUR: 450.05 GEL: 141.25 GBP: 521.81

Amundi –ACBA Asset Management allocates 10,000 euros for study of social housing strategy in Armenia

YEREVAN, September 28. /ARKA/. Amundi-ACBA Asset Management and Armenia’s Ministry of Labor and Social Affairs signed a memorandum of cooperation, Acba bank said in a press release today.

It said as part of cooperation, Amundi-ACBA Asset Management will allocate 10 thousand euros from its profits for the study of a strategy for introducing social housing system in Armenia.

“Research on the development of a strategy for the development of social housing in Armenia is important to all of us. A long-term vision is needed to implement a program that will have a large social impact on the Armenian population. As a socially responsible company, we have always been able to implement such projects, since the outcome will allow us to solve problems in the near future,” said General Director of the company Jean Mazedjian.

Taking the opportunity to expand the sphere of cooperation with partner organizations, Minister of Labor and Social Affairs Narek Mkrtchyan said the signing of the memorandum in the field of social protection was an important step.

A special study will be carried out to develop a strategy for the implementation of the social housing system, including an analysis of international experience in this area, a study of the situation in Armenia, an assessment of needs by social group, their vulnerability, as well as other criteria for territorial distribution.

Amundi-ACBA operates three funded pension funds in Armenia. The company is controlled by the Central Bank of Armenia. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Euro falls by 1.14 drams against Armenian dram, as US dollar rises slightly

The average market exchange rate of the US dollar against the Armenian dram as of July 11, 2025, increased by 0.17 points compared to July 10 and amounted to 383.91 drams.

“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.

In Armenia, bad loans worth over $1 million have been written off under the state support program – Ministry of Social Affairs

14,757 applications for writing off bad loans have been received in Armenia within the framework of the relevant state support program, which started on February 1, 2025.

Armenian government approved an agreement with the EIB for 50 million euros for the infrastructure development of Syunik

At a meeting on Thursday, the Armenian government approved a proposal to sign a financial agreement with the European Investment Bank (EIB) “Armenia - Sustainable Syunik Program, Special Investment Window 1 EFSD+” for 50 million euros.

LATEST NEWS

spot_imgspot_imgspot_img