Wed, 18 February
7.1 C
Yerevan
USD: 376.83 RUB: 4.91 EUR: 446.28 GEL: 140.74 GBP: 512.34

EIB ready to assist Armenia in improving business environment

YEREVAN, October 8. /ARKA/. Armenia’s Minister of Finance Tigran Khachatryan received on Friday the head of the regional representation of the European Investment Bank (EIB) for the South Caucasus Maciej Czura , the press service of the Ministry of Finance reported.

Khachatryan was said to highly appreciate the cooperation with the European Investment Bank and attache importance to the programs implemented in various areas with its co-financing, such as construction of the North-South and Sisian-Agarak highways, as well as the programs for managing the Yerevan Metro and Yerevan’s transport system, water resources and irrigation infrastructure.

Czura noted that he is aware of the steps taken by the Armenian government to improve the business environment and stressed that the bank is ready to provide Armenian partners with assistance in this matter as well.

At the same time, the EIB representative expressed satisfaction with the level of cooperation with the Armenian government and expressed confidence that all joint programs will contribute to the development and diversification of the Armenian economy. During the meeting, the parties discussed a wide range of issues of mutual interest.

The European Investment Bank has been working with Armenia for about 12 years. EIB programs in Armenia involve, in particular, the development of socio-economic infrastructures, assistance to the private sector and mitigation of the impact of climate change. -0-

spot_img

POPULAR

Non-commercial money transfers to Armenia increased by 14.2% in December – WB

YEREVAN, February 17. /ARKA/. Net non-commercial money transfers...

Union of Banks of Armenia: cryptocurrency market is gaining momentum with 2-3 banks planning to obtain licenses

The Armenian cryptocurrency market is gaining momentum: 2-3 banks plan to obtain separate licenses to handle these operations, Daniel Azatyan, head of the Union of Banks of Armenia (UBA), stated in response to a question from ARKA news agency.

Since 2018, Armenian citizens have received 300 billion drams in income tax refunds for mortgage repayments – Ministry of Social Affairs

From 2018 to 2026, approximately 300 billion drams have been transferred to Armenian citizens under the income tax refund program for mortgage interest repayments, announced Minister of Labor and Social Affairs Arsen Torosyan.

Armenian banks’ loan portfolio reached AMD 7.9 trillion in 2025 – Union of Banks of Armenia

The loan portfolio of Armenia's banking system increased to AMD 7.9 trillion by the end of 2025 from AMD 6.4 trillion in the same period of 2024, stated Daniel Azatyan, head of the Union of Banks of Armenia.

Armenia proposes clarifying the procedure for compensating social expenses

Armenia plans to bring the procedure for compensating social expenses for citizens who declare their income into line with amendments to the Tax Code, announced Finance Minister Vahe Hovhannisyan.

LATEST NEWS

spot_imgspot_imgspot_img