Euro and ruble up against Armenian dram, while US dollar declines

In its 2025 Sustainability Report, the Central Bank of Armenia notes that the sustainable and sustainability-linked bond market in the country is in its early stages of development.

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.

In the village of Vardablur in the Lori region, at the "Beeography" guesthouse, guests are welcomed with a honey drink, considered the guesthouse's signature dish.

The EDB forecasts consumer price growth in Armenia of 3.3% y/y by the end of this year.

Tokenization is a serious mechanism that could change the investment philosophy in Armenia, noted Felix Vartanov, CEO and shareholder of the investment and holding company BlackRiver Capital (Dubai).