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Tag: EU

EBRD, EU, GCF expand funding for SMEs in Armenia; US$ 10 million to ACBA Bank for green lending to private sector

Banks admin -
Armenia’s private sector will benefit from new resources for green financing thanks to a US$ 10 million financial package put together by the European Bank for Reconstruction and Development (EBRD) in cooperation with the European Union (EU) and the Green Climate Fund (GCF) to facilitate the private sector’s transition to more sustainable, low-carbon and climate-resilient practices, EBRD said today in a press release

EBRD and EU boost export opportunities in Eastern Partnership countries

Banks admin -
The EBRD and the European Union (EU) are stepping up their support for small and medium-sized enterprises (SMEs) in Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine with new financing

EBRD, EU to provide €11 million to Armenia for implementation of modern solid waste management solutions in provinces

Economy admin -
The European Bank for Reconstruction and Development (EBRD) is providing €5.5 million loan to Armenia for implementation of modern solid waste management solutions in Kotayk and Gegharkunik regions

Decline in Armenia’s foreign trade resulting from weakening demand from Russia and EU

Economy admin -
The decline in Armenia’s foreign trade is resulting largely from the weakening demand from Russia and the EU, the World Bank said in its monthly review of Armenian economy

EU considers capital markets curbs among new Russia sanctions – Reuters

Capital market admin -
New European Union sanctions against Russia could include further capital markets restrictions, making it harder for Russian companies to refinance themselves and possibly affecting Russian sovereign bonds, EU officials said on Wednesday

EBRD and EU help to improve solid waste management in Armenia

Economy admin -
The European Bank for Reconstruction and Development (EBRD) is providing a €3.5 million loan to Armenia to finance the construction of the country’s first European Union (EU) compliant solid waste landfill. The loan is complemented by a €3.5 million capital grant provided by the European Union Neighbourhood Facility

EU banking union gets final approval from MEPs: BBC

Banks admin -
MEPs have backed rules for a banking safety net to minimise the risk of further EU taxpayer-funded bailouts

EU, ECB and IMF might have rejected Cyprus plan to create solidarity fund

Banks admin -
German Chancellor Angela Merkel told German lawmakers today morning that Cyprus's proposition to nationalize pension funds in order to prop up its finances was unacceptable, RBC reported. She insisted that Cyprus should rather concentrate on debt sustainability and bank restructuring in order to secure a bailout

Merkel ready to discuss UK plans on EU, Skynews reports

Economy admin -
Chancellor Angela Merkel says Germany is ready to discuss Britain's 'wishes' on the EU after Prime Minister David Cameron announced an in-or-out referendum

Optimistic comments by EU leaders raised metal quotes

Interviews admin -
Last week the gold quotes rose to a new six-week maximum of 1,754.28 USD per troy ounce amid the hike of stock indices and some other commodities assets, as well as up in investment sentiments as the U.S. “budget breakdown” became unlikely to happen

European commission says no negotiations with Spain on AID

Economy admin -
A spokesman for the European Commission said Thursday that there were no negotiations with Spain

Second phase of DCFTA between Armenia and EU slated for early October

Economy admin -
Second phase of DCFTA between Armenia and EU slated for early October.

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US dollar rate down 0.35 points to 397.92 drams

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The average market exchange rate of the US dollar to the Armenian dram as of January 30, 2024, was 397.92 drams, down 0.35 points compared to January 29.

Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

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Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.

Armenia’s 1.5% inflation in December is the highest since April – WB

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Armenia's inflation picked up to 1.5 percent (yoy) in December, the highest rate since April 2023, according to World Bank's Armenia Monthly Economic Update – January 2025 review.

Armenia’s refinancing rate back to August 2022 level – WB

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The refinancing rate in Armenia has returned to the level of August 2022, according to the World Bank's review Armenia Monthly Economic Update - January 2025.

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