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Armenia intends to attract funding from the UN Green Climate Fund for climate projects

YEREVAN, March 4. /ARKA/. Armenia plans to secure low-interest loans from the UN Green Climate Fund (GCF) to implement climate change programs. This topic was discussed on Tuesday during a meeting between RA Economy Minister Gevorg Papoyan, Chairman of the Union of Banks of Armenia Daniel Azatyan, Executive Director of ArmSwissbank Gevorg Machanyan, and his deputy Ara Makaryan.

According to the press service of the Armenian Ministry of Economy, the meeting focused on promoting the green, sustainable, and framework economy agenda in Armenia. Representatives from ArmSwissbank presented their programs aimed at contributing to the development of a green and sustainable economy in the country.

The meeting also emphasized the importance of establishing international partnerships to create new investment opportunities.

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Net inflow of remittances to Armenia from abroad decreased by 1.7 times in January

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Euro exchange rate plummets by 3.34 points

The average market exchange rate of the U.S. dollar to the Armenian dram on February 28, 2025, amounted to AMD 393.26, having increased by 0.09 points compared to February 27.

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The unprecedented decision of the C-QUADRAT Ampega Asset Management Armenia pension fund to invest $1 million in the Formula VC venture fund in 2024 is very important for Armenia, said Arman Vardanyan, CEO of C-QUADRAT Ampega Asset Management Armenia, summing up the results of a year of cooperation with the Formula VC venture fund.

Euro exchange rate rises by 0.91 points

The average market exchange rate of the U.S. dollar to the Armenian dram on February 26, 2025, amounted to 393.51 drams, down 0.04 points compared to February 25.

Government makes its first attempt to regulate the cryptosphere

At a meeting on Thursday, the Armenian government approved the law "On Cryptoassets," aimed at introducing regulations in the areas of cryptocurrency circulation, exchange, and service provision.

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