Mon, 15 September
25.1 C
Yerevan
USD: 383.12 RUB: 4.62 EUR: 450.36 GEL: 141.63 GBP: 521.31

Armenia replaces its deputy plenipotentiary representative in EDB Board

YEREVAN, November 12. /ARKA/. Armenia’s Deputy Minister of Finance Vahe Hovhannisyan has replaced Armen Hayrapetyan as new Deputy Plenipotentiary Representative of the country in the Board of the Eurasian Development Bank (EDB).

The Plenipotentiary Representative of Armenia in the EDB Board is Deputy Prime Minister Mher Grigoryan.

EDB is an international financial institution carrying out investment activities in the Eurasian space. Its shareholders are six states: Russia, Kazakhstan (founders), Armenia, Belarus, Kyrgyzstan and Tajikistan (participants).

The EDB’s authorized capital is $7 billion. The main share in the EDB’s portfolio are projects with  an integration effect in such areas as transport infrastructure, digital systems, green energy, agriculture, industry and mechanical engineering. In its activities, the Bank is guided by the UN Sustainable Development Goals and ESG principles.

The Republic of Armenia became a full member of the Eurasian Development Bank in April 2009. As of October 1, 2021, the EDB’s investment portfolio in Armenia was estimated at $ 262.5 million (16 projects), about 2.5% of the total. –0–

spot_img

POPULAR

3.6% inflation registered in Armenia in August

n the consumer market of Armenia, 12-month inflation in August of this year amounted to 3.6%, according to the report of the National Statistical Committee (NSC) of Armenia.

Central Bank of Armenia initiates discussions on draft by-laws related to Law on Cryptoassets

The Central Bank of Armenia is set to conduct a public discussion on  the draft by-laws essential for implementing the Law on Cryptoassets, which became effective on July 4 of this year, as reported by the regulator's press service.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

LATEST NEWS

spot_imgspot_imgspot_img