Sat, 4 October
9.1 C
Yerevan
USD: 382.76 RUB: 4.67 EUR: 449.25 GEL: 140.62 GBP: 514.85

EBRD’s investments in Armenia in 2024 reached record 400 million euros – Head of Finance Ministry

YEREVAN, May 16. /ARKA/. The European Bank for Reconstruction and Development’s (EBRD) investments in Armenia in 2024 hit the record 400 million euros, Armenian Finance Minister Vahe Hovhannisyan said at a meeting with EBRD President Odile Renaud-Basso in London.

Speaking about Armenia’s participation in the EBRD capital increase process, Hovhannisyan emphasized Armenia’s readiness to support the bank’s mission, the Finance Ministry’s press service reported.

Within the framework of the working visit to London, the Armenian delegation also held meetings with separate expert teams of the EBRD, during which the progress on key infrastructure projects included in Armenia’s portfolio, as well as existing problems were discussed.

The delegation, led by Hovhannisian, includes Yerevan Mayor Tigran Avinian and Minister of Territorial Administration and Infrastructure David Khudatyan.

About EBRD

The European Bank for Reconstruction and Development is one of the leading institutional investors in Armenia. The Bank’s main priorities in Armenia are improving the competitiveness of companies and supporting financial sector intermediation through risk-sharing products.

In total, as of the end of January 2025, the number of EBRD projects in Armenia reached 224, with total investments amounting to EUR 2.6 billion, of which 84% are private sector investments. -0-

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

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.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img