Armenia International Airports to get $160 million loan from Credit Swiss

|

USD

384.44

EUR

434.11

RUB

4.8278

GEL

140.51

17.12.2015, 17:46

The Armenian government on Thursday approved a certification letter between the London branch of Credit Swiss, European Bank for Reconstruction and Development (EBRD) and Armenia International Airports company.

Armenia International Airports to get $160 million loan from Credit Swiss

YEREVAN, December 17. /ARKA/. The Armenian government on Thursday approved a certification letter between the London branch of Credit Swiss, European Bank for Reconstruction and Development (EBRD) and Armenia International Airports company.

The chief of the Civil Aviation Department Artem Movsisyan said the approval means that the government allows Armenia International Airports to sign approximately a $160 million loan agreement with the London branch of Credit Swiss.

Prime minister Hovik Abrahamyan said some $80 million of the loan will be invested in Armenia, and the rest will be used by the company to repay its other loans.

Armenia-International Airports, a company owned by an Argentine citizen of Armenian descent Eduardo Eurnekian runs Zvartnots airport in Yerevan and Shirak airport in Gyumri. In 2001 the company signed a concessional agreement with the government to manage Zvartnots for 30 years. –0—

Byblos Bank Armenia becomes CaseKey strategic partner

Byblos Bank Armenia has become the strategic partner of the CaseKey Business Case Competition, emphasizing the importance of continuous investment in promising educational programs.

23.05.2025 22:49

Unibank launches “become a millionaire” promotion

Unibank has announced the launch of its new promotional campaign “Become a Millionaire,” which will run through September 12, 2025.

21.05.2025 11:19

ARARAT Armenian Brandy Presents Audio guide ARARAT Yerevan

ARARAT Armenian brandy presents its new cultural project dedicated to Yerevan.

20.05.2025 19:23

Armenia and Kazakhstan consider establishment of regular direct air service

The Chairman of the National Assembly of Armenia Alen Simonyan discussed with his Kazakh counterpart, Head of the Senate Maulen Ashimbayev the establishment of regular direct flights between the two countries.

15.05.2025 16:55

Converse Bank and EBRD sign two loan facilities totaling US$ 8 million to support MSMEs and green projects

Converse Bank and the European Bank for Reconstruction and Development (EBRD) signed two loan agreements totaling US$ 8 million during the EBRD’s Annual Meeting in London.

15.05.2025 15:51

Ameriabank partners with EBRD to support Armenian businesses through RSF framework

Ameriabank has signed a €50 million funded Risk Sharing Framework (RSF) agreement with The European Bank for Reconstruction and Development (EBRD) to facilitate Armenian firms’ access to finance. Under the RSF, the EBRD will co-finance individual loans provided by Ameriabank to eligible borrowers.

15.05.2025 13:50

Armenia seeks solution for alcohol exports: talks with Georgia underway

Armenian authorities are looking for a solution for alcohol exports, Economy Minister Gevorg Papoyan said today in response to a question about what the ministry was doing to resolve the problem that Armenian alcohol exports have been facing for weeks already when trying to cross the Georgian border into Russia.

13.05.2025 17:04

Armenia's service sector grew by 11.5% in Q1, reaching AMD 865.3 billion

Armenia’s service sector in the first quarter of 2025 amounted to AMD 865,288.2 million (in current prices), an increase of 11.5% compared to the first quarter of 2024, the National Statistical Committee reported.

12.05.2025 17:16