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

Ranking of Armenia’s most profitable banks for the first nine months of 2026

The ARKA news agency presents a ranking of 17 Armenian banks based on their after-tax profit for the period from January to September 2026.

Armenia to Allow Online Execution of Certain Real Estate Collateral Agreements Without a Notary

Legislative amendments in Armenia will now allow for the electronic execution without the need for notarization of standard, mixed-type real estate collateral agreements involving banks or credit organizations.

Armenia to allocate approx. €7.4 million for water infrastructure works; EIB loan availability period extended

YEREVAN, October 15. /ARKA/. Armenia will allocate approximately €7.4...

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (October 12–18)

Armenia’s financial agenda over the past week encompassed the development of the government securities market, regulatory changes for banking operations, cooperation with international financial institutions, and the subsidization of financing for energy storage systems.

Business, Banks, and Investment: Biodiversity Financing to be Discussed at COP17 in Yerevan

A "Business and Biodiversity Forum" will be held in Yerevan as part of COP17, focusing on the private sector's role in achieving international biodiversity conservation goals.

LATEST NEWS

spot_imgspot_imgspot_img