EBRD commits $20 million to support energy efficiency projects in Armenia

|

USD

384.44

EUR

434.11

RUB

4.8278

GEL

140.51

Economy

20.10.2010, 02:19

The European Bank for Reconstruction and Development (EBRD) has committed a total of $20 million in loans to finance implementation of energy efficiency projects in Armenia, Walid Fayad, head of EBRD energy efficiency programs, told today at Novosti inter

YEREVAN, October 19, /ARKA/. The European Bank for Reconstruction and Development (EBRD) has committed a total of $20 million in loans to finance implementation of energy efficiency projects in Armenia, Walid Fayad, head of EBRD energy efficiency programs, told today at Novosti international press center in Yerevan.

On Monday, the European Bank of Reconstruction and Development (EBRD) and Armenia’s Bank Anelik signed a new loan agreement in the amount of $3 million (about 1.08 billion Drams) on funding energy saving projects. The credit is provided to the Bank for 5 years. The Bank will on-lend it from October 19, 2010.

The credit will allow to reduce also emission of carbon dioxide by 2,200 tons annually. Suren Shatvoryan, head of ArmSEFF consulting company, said the credits will be given for projects with IRR>10%.".--0--

Head of State Revenue Committee named the sectors of Armenian economy with the most cases of shadow turnover

Cases of shadow turnover in Armenia are recorded mainly in the trade and construction sectors, said the head of the State Revenue Committee of the Republic of Armenia Eduard Hakobyan.

16.06.2025 12:39

About 10% of Armenian citizens have submitted income declarations

According to the latest data, about 70 thousand citizens have submitted income declarations, of which 28 thousand have received social loans.

16.06.2025 11:20

City hall is going to cancel paper QR codes for public transport tickets

Paper versions of QR codes for public transport tickets will most likely no longer be valid from August 1, 2025, said Yerevan Mayor Tigran Avinyan.

16.06.2025 11:18

Armenian exporters and importers face serious problems due to Israel-Iran standoff

During the several days of standoff between Israel and Iran, Armenian economic entities have faced difficulties.

16.06.2025 10:58

The most prestigious wine competition Concours Mondial de Bruxelles will be held in Armenia for the first time

One of the most prestigious wine competitions in the world, the 33rd Concours Mondial de Bruxelles, will be held in Armenia for the first time, said Zara Muradyan, director of the Armenian Viticulture and Winemaking Foundation.

12.06.2025 15:23

Head of State Revenue Committee of Armenia and Minister of Eurasian Economic Union discussed improving the legal framework for customs regulation

The prospects for developing current cooperation in the field of customs regulation within the EAEU were discussed at a meeting between the head of the State Revenue Committee of Armenia Eduard Hakobyan and the Minister of Customs Cooperation of the Eurasian Economic Commission Ruslan Davydov.

11.06.2025 23:10

In April, more than 4.7 thousand real estate purchase and sale transactions were made in Armenia, with the largest number of foreigners being Russian citizens

In April 2025, 4,778 real estate purchase and sale transactions were made in the Armenian real estate market, compared to 4,528 transactions in April 2024 and 4,258 in March 2025.

11.06.2025 17:49

Cargo transportation volume in Armenia increased by 0.8% in 4 months, while passenger transportation decreased by 27.3%

The total volume of cargo transportation in Armenia in January-April 2025 amounted to 4,709.9 thousand tons, increasing by 0.8% compared to January-April 2024, while the total volume of passenger transportation amounted to 50,910.9 thousand people, with a decline of 27.3%.

11.06.2025 16:52