Armenian Minister of Labor and Social Affairs discusses new cooperation formats with WB

YEREVAN, Oct. 3. /ARKA/. Armenian Minister of Labor and Social Affairs Narek Mkrtchyan received today representatives of the World Bank led by World Bank’s Country Manager for Armenia Carolin Geginat.

The sides discussed a number of issues related to the new formats of cooperation in the area of labor and social protection. They also looked into projects that have been implemented and the ones that are to be implemented within the framework of the Second Social Protection Administration Project.

The sides also reviewed the already available results of this project. Summary information was presented about the already operating Unified Social Service centers, as well as those under construction.

The importance of creating the central office of the Unified Social Service, full implementation of the Unified Information System and consolidation of efforts towards the development of human capital was noted.

At the end of the meeting the sides expressed readiness to continue joint efforts for the continuous development of the labor and social protection spheres.

Since 1992 when Armenia joined the World Bank and IDA in 1993, the total commitments to Armenia amounted to over USD 2.5 billion. -0-

spot_img

POPULAR

Unibank Issues Perpetual Bonds with a 13.25% Annual Yield for Shareholders

Unibank has issued a new tranche of perpetual AMD-denominated bonds with a volume of AMD 9 billion, available exclusively to the bank’s shareholders.

VTB (Armenia) Offers Package Offer for Sole Proprietors

VTB (Armenia) has launched a package offer for sole proprietors, including a current account, a business card, and a remote banking system.

Armenia’s banking system is capitalized significantly above regulatory requirement: Central Bank Governor

Armenia's banking system is adequately capitalized and has sufficient liquidity buffers, stated Central Bank Governor Martin Galstyan.

Central Bank of Armenia warns of a new wave of telephone fraud

The Central Bank of Armenia has warned citizens of a new wave of telephone fraud.

Unibank will not increase fixed-adjustable interest rates on loans secured by real estate

Unibank has decided to keep unchanged the fixed-adjustable interest rates on consumer and mortgage loans secured by real estate, which were scheduled to increase starting from May 2026.

LATEST NEWS

spot_imgspot_imgspot_img