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Tag: CONSTRUCTION

VTB Bank (Armenia) helps resume construction of residential building in Yerevan

Banks
VTB Bank (Armenia) reported today on the resumption of the construction of a residential building in downtown Yerevan, called Berd, saying in a press release that a developer Glendale Hills, a borrower of VTB Bank (Armenia)

In February lending to construction sector grew by 0.1 percent to 113 billion drams

Banks
In 2016 February Armenian banks provided about 113 billion drams as loans to construction sector, which was by 0.1% more than in January

VTB Bank (Armenia) finances construction of strawberry greenhouse in Kotayk province

Banks
VTB Bank (Armenia) said today it had provided funding to Strawberry Field company for the construction of a modern energy-saving greenhouse in the village of Nor Geghi in central Kotayk province

World Bank invested about 11.4 billion drams in construction in Armenia in 2013

Economy
A total of 11,398.5 million drams was invested by the World Bank in Armenia’s construction in 2013, a reduction of 30.3% compared to the year before, ArmStat reported

Armenia’s GDP growth slows down because decline in construction and slow growth in mining sector

Economy
Armenia’s GDP grew 3.5% in Jan-June 2013, compared with the same period a year before, showing a slower growth than in Jan-June 2012

Lending to construction Shrinks 5.1% to AMD 98.6 billion in Armenian banks’ outstanding loan portfolio

Banks
Lending to construction companies in Armenian banks’ aggregate outstanding loan portfolio shrank 5.1% in the third quarter, compared with the previous quarter, to AMD 98.6 billion

AMERIABANK to allocate $15 million to co-finance construction of smelter in Charentsavan

Banks
Ameriabank will support a major project in South Caucasus through its trade finance

ADB to lend $60 million for construction of bypass roads in Yerevan

Banks
ADB to lend $60 million for construction of bypass roads in Yerevan.

Road construction insurance institution planned to be established in Armenia

Insurance
Road construction insurance institution planned to be established in Armenia

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ACBA Bank to Invest $50 Million in MSME Development in Partnership with JICA (VIDEO)

ACBA Bank and the Japan International Cooperation Agency, JICA, are launching a partnership, as a result of which ACBA Bank will invest $50 million in the development of micro, small and medium-sized enterprises in Armenia.

Pashinyan: “banking secrecy is no longer a ‘sacred cow’ in democratic countries”

Armenian Prime Minister Nikol Pashinyan said today that banking secrecy cannot be inaccessible to the state.

Euro down 1.47 points to 412.25 drams

The average market exchange rate of the US dollar to the Armenian dram as of January 31, 2024, was 97.35 drams, down 0.57 points compared to January 30.

Armenian company buys Russian subsidiary of Goldman Sachs

Russian President Vladimir Putin has authorised the purchase of Goldman Sachs' unit in Russia by investment company Balchug Capital, a government decree published on Friday showed, Frank Media reports.

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