EBRD invested over €2 billion in over 200 projects during 30 years of operation in Armenia
The EBRD has been operating in Armenia for 30 years, investing over €2 billion in over 200 projects, with more than 90 per cent of these in the private sector, the Bank said in a statement, Armenpress reports.
The Bank’s key areas of investment include the financial sector, small and medium-sized enterprises (SMEs), and sustainable infrastructure. The Bank supports these sectors through investment combined with policy engagement and technical cooperation.
On average, the Bank invests around €150 million in Armenia’s economy on annual basis. Through its partner financial institutions in Armenia, the EBRD channels approximately €100 million to local SMEs through various programmes on trade finance, competitiveness, green, and inclusive financing.
In terms of sustainable infrastructure, across Armenia, the Bank is financing the modernisation of the border crossing in Meghri, and the construction of the Sisian-Kajaran road. These projects build on the success of the recently completed bridge in Bagratashen. In the capital, the Bank is supporting the municipality to acquire modern, greener, and more efficient buses for residents of Yerevan.
The Bank uses a range of products to directly support important players in Armenian economy. In recent years EBRD has financed Telecom Armenia, Picsart, Saranist, and Amber Capital among others.
ICRC facilitates transfer of seven patients from blockaded Artsakh to Armenia for treatment
Sargis Khandanyan passes confirmation vote to become chair of parliamentary committee on foreign relations
Armenia acts with the agenda of the establishment of peace in the region for many years: Alen Simonyan receives ambassador of Portugal
Mexican Senate recognizes Armenian Genocide
Armenia to sign new agreement with US in nuclear energy use
Pashinyan Administration “worried” over Armenia’s decline in Transparency International’s global corruption rankings
Parliament greenlights prosecution of MP Armen Charchyan
Get out of politics, you have exhausted your political agenda: Alen Simonyan urged the opposition to come out of the political field
Only the unabated activity of the international community is the way to curb Azerbaijan's aggressiveness and provocative behaviour: Pashinyan
Blockade of Lachin corridor putting thousands of lives in peril must be immediately lifted – Amnesty
The situation is very difficult: Vardanyan gave interviews to Spanish and Italian periodicals
Some roads are closed and difficult to pass in Armenia
UK’s King Charles III meets with Zelensky at Buckingham Palace (Sky News)
White House denies US Navy's involvement in blowing up Nord Stream 2
Armenian rescue squad starts working in Turkey: Garo Paylan
Artsakh Foreign Minister sends a letter of condolence to Syrian Ambassador in Armenia
It is an absolute lie. MoD, NSS Armenia about Azerbaijani disinformation regarding preparing attack
Prime Minister Pashinyan received the Minister of Foreign Affairs of Croatia
Armenia has most interest in the reopening of connections in the region: Pashinyan
Azerbaijan once again disrupted the gas supply through the only pipeline from Armenia to Artsakh
"Michelangelo in the Ballet": Armenian Agrippina Vaganova, the Founder of the Theory of Russian Ballet
The comment of the Press Secretary of the MFA of Armenia on the psychological terror and violation of rights of Armenian children by Azerbaijan
Armenian Caucus leaders urge Biden Administration to consider emergency airlift, Azerbaijan sanctions to end Artsakh blockade
Europe faces unprecedented crisis due to Ukraine conflict, Macron says
Azeri 'eco-activists' couldn't reach Lachin corridor without authorities' permission: Tatoyan Foundation
Pentagon commits another $2.5 billion in aid to Ukraine
Ruben Vardanyan offers condolences to families of soldiers killed in barracks fire
5-Day Weather Forecast in Armenia
We highly appreciate the appeal of the European Parliament to the international community: Artsakh Foreign Ministry
In Stepanakert electricity outages will be carried out twice a day
Wind: 1.54 km/h