EIB is Armenia’s key partner in major infrastructure projects and economic reforms, says Deputy Prime Minister

YEREVAN, July 2. /ARKA/. The European Investment Bank (EIB) is a key partner for Armenia in terms of major infrastructure projects and reforms in areas of strategic importance for the economy, Armenian Deputy Prime Minister Mher Grigoryan said.

At a meeting on Wednesday with an EIB delegation led by Mateo Rivellini, Head of EIB Public Sector Lending for the Eastern Partnership, Grigoryan expressed his gratitude to Maciej Chure, Head of the EIB’s Regional Office for the South Caucasus, for his work and effective cooperation who is completing his mission in this position, according to the press service of the government.

The parties emphasized the importance of the investment programs implemented by the EIB in Armenia and discussed their current status.

After the meeting, the annual discussion of programs between the Armenian government and the EIB took place, attended by the EU ambassador, representatives of relevant ministries, government agencies, and foundations.

About EIB in Armenia

The EIB has been cooperating with Armenia since 2010 in accordance with the European Neighbourhood Policy’s Eastern Partnership programme and other bilateral agreements with the EU.

Over the past decade, the Bank has financed a number of projects ranging from infrastructure and small businesses to water supply and wastewater treatment services. The EIB also finances the construction of cross-border communications to improve road safety and sustainability.-0-

spot_img

POPULAR

Change in the Executive Management of Converse Bank

Yerevan, March 16, 2026. Converse Bank CJSC announces that Mr. Andranik Grigoryan will step down from his position as Chief Executive Officer of the Bank effective March 31, at his own request.

Central Bank of Armenia may switch to hawkish rhetoric and raise rate – Freedom Broker Armenia (EXCLUSIVE)

The likelihood of the Central Bank of Armenia switching to tougher monetary rhetoric and potentially raising the rate in the short term may increase, Rafael Mkrtchyan, Head of Corporate Finance at Freedom Broker Armenia, told ARKA news agency.

EDB and Armenian Ministry of Finance signed an agreement on provision of technical assistance

An agreement between the Armenian Ministry of Finance and the Eurasian Development Bank (EDB) on the "Provision of Technical Assistance" was signed in Yerevan during a meeting between Minister of Finance Vahe Hovhannisyan and Chairman of the EDB Board of Directors Nikolay Podguzov.

Armenia to Receive €120 Million Loan and €15 Million Grant from KfW Bank for Power Grid Connection with Georgia

At a meeting on Thursday, the Armenian government approved the signing of a €120 million loan agreement with the German bank KfW for the "Caucasus Transmission Network - NIF" project to connect the power systems of Armenia and Georgia. Additionally, a €15 million grant agreement with KfW was approved for the "EU Caucasus Transmission Network - NIF. Phase II" project.

EDB: Cross-border remittance inflow to Armenia increased to $5.9 billion in 2025, net inflow by 8.6%

Cross-border remittance inflow to Armenia increased by 2.4% year-on-year in 2025, reaching $5.9 billion, according to the Eurasian Development Bank's March macroeconomic review.

LATEST NEWS

spot_imgspot_imgspot_img