Thu, 24 July
33.1 C
Yerevan
USD: 383.74 RUB: 4.93 EUR: 450.05 GEL: 141.25 GBP: 521.81

Armenia discusses bankruptcy reforms with ADB and AFD

YEREVAN, April 3. /ARKA/. Reforms of Armenian legislation in the field of bankruptcy were discussed at a meeting between Deputy Minister of Justice of Armenia Tigran Dadunts and representatives of the Asian Development Bank (ADB) and the French Development Agency (AFD).

The Deputy Minister presented the process of developing a new Bankruptcy Code, in which national and international experts from the ADB are participating. The document has already been submitted to interested bodies and posted on the Unified Portal of Draft Regulatory Acts (e-draft.am) at the following link: https://www.e-draft.am/projects/8491, the press service of the Ministry of Justice reports.

The representatives were  informed about the work done to introduce and launch the electronic bankruptcy system (e-bankruptcy), the possibilities and timing of its implementation.

About the Asian Development Bank

Since the beginning of cooperation with Armenia in 2005, ADB has invested $1.9 billion in the country’s economy as of December 2024.

About the French Development Agency

The French Development Agency (AFD) has been present in Armenia since 2013, participating in projects that contribute to the fight against climate change, a just and inclusive transition..

spot_img

POPULAR

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Viva Armenia CJSC bonds listed on Armenia Stock Exchange

The Armenia Stock Exchange (AMX) is pleased to welcome another major company to the capital market. Viva Armenia CJSC’s USD-denominated bonds will be listed on the Armenia Stock Exchange starting from 15 July.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

Armenia and EIB sign financial agreement for Resilient Syunik Program worth €50 million

A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.

In Armenia, bad loans worth over $1 million have been written off under the state support program – Ministry of Social Affairs

14,757 applications for writing off bad loans have been received in Armenia within the framework of the relevant state support program, which started on February 1, 2025.

LATEST NEWS

spot_imgspot_imgspot_img