Рейтинг@Mail.ru
ARKATELECOM
|
ARMBANKS
USD
391.56
EUR
428.21
RUB
4.7705
GEL
140.68
Wednesday, March 19, 2025
weather in
Yerevan
+10
NEWS » Economy » EBRD to give Armenian Elite group $5.5 million as credit and €130,000 in grant
Economy

EBRD to give Armenian Elite group $5.5 million as credit and €130,000 in grant

01.07.2009, 17:37
On Wednesday, European Bank for Reconstruction and Development and Elite Group, Armenian CJSC, will sign an agreement on mid-term loan.

YEREVAN, July 1. /ARKA/. On Wednesday, European Bank for Reconstruction and Development and Elite Group, Armenian CJSC, will sign an agreement on mid-term loan.

Under the agreement, the EBRD will lend $5.5 million to the construction company and give €130,000 in grants to encourage energy-saving innovations.

Paul-Henri Forestier, EBRD regional director, is reportedly come to Yerevan to sign the document.

Armenian Prime Minister Tigran Sargsyan, members of the Government and businessmen will be present at the signing ceremony.

Elite Group engages in construction, interior decoration and service of houses. M.V.-0--

 
Cadastre Committee to create passports for about 10,000 geographical names of Armenia
The Armenian Cadastre Committee will create 'passports' for about 10,000 geographical names and update the data in 2025, the head of the Committee Suren Tovmasyan said.
18.03.2025 18:14
"A busy year awaits us": Martin Galstyan on the impact of China's economy and trade wars on Armenia
The head of the Armenian Central Bank Martin Galstyan responded to a question whether the Stimulus Package, adopted by China and, in particular, the rise in copper prices, will affect Armenia's economy.
18.03.2025 17:56
Central Bank of Armenia left refinancing rate unchanged at 6.75%
At its meeting on March 18, the Board of the Central Bank of Armenia kept the refinancing rate unchanged at 6.75%.
18.03.2025 12:18
Armenia aims to connect itself with both EEU, EU, Arab, Asian and other markets by "numerous threads" - Papoyan
Armenia seeks to connect its economy with the Eurasian Economic Union (EEU) market as well as the EU, Arab, Asian and other markets with as many threads as possible, Minister of Economy Gevorg Papoyan said.
17.03.2025 17:16
S&P expects Armenia's economic growth to halve in three years
Over the next three years, growth in Georgia and Armenia will almost halve, from 9.4% and 8.8%, respectively, in 2022-24, but will remain sustainable, according to a commentary by S&P Global Ratings analysts, as reported by FrankMedia.
14.03.2025 10:26
Dynamics of the decline in exports and imports in Armenia will last throughout the first half of the year – EDB
The decline in the value of exports and imports in Armenia in January by 49.2% year-on-year (y/y) and 33.5% y/y, respectively, was due to the fact that the positive impact of foreign trade in precious metals had been exhausted.
13.03.2025 15:00
Armenia's position in the “2025 index of economic freedom significantly worsens”
Armenia ranked 57th out of 184 countries in the 2025 Index of Economic Freedom, published by the Heritage Foundation.
12.03.2025 12:25
Freight traffic in Armenia grew by 12.9% in January, passenger traffic declined by 20.8%
The total freight traffic in Armenia in January 2025 amounted to 1,117.6 thousand tons, increasing by 12.9% compared to January 2024, while the total passenger traffic amounted to 12,728.6 thousand with a 20.8% decline, according to the National Statistical Committee.
10.03.2025 17:22