Armenia approves establishment of Eurasian Reinsurance Company

|

USD

384.03

EUR

443.29

RUB

4.795

GEL

142.29

Economy

18.08.2022, 13:29

The Armenian government has approved today a proposal to sign an agreement on the establishment of the Eurasian Reinsurance Company.

Armenia approves establishment of Eurasian Reinsurance Company

YEREVAN, August 18. /ARKA/. The Armenian government has approved today a proposal to sign an agreement on the establishment of the Eurasian Reinsurance Company.

The Eurasian Reinsurance Company will support mutual and foreign trade of several fromer Soviet republics, which make the Russia-led Eurasian Economic Union (EEU).

According to the Armenian government, this new company is an international financial organization set up to promote mutual and foreign trade of EEU member countries, help carry out joint projects and mutual investments, supplement the export credit agencies of EEU member states.

The Armenian Foreign Ministry and the Ministry of Economy were instructed to organize the signing of the agreement.

The EEU was founded on January 1, 2015. Its members are Armenia, Russia, Belarus, Kazakhstan and Kyrgyzstan. Moldova, Uzbekistan and Cuba have observer status. --0--

#REINSURANCE COMPANY

Pashinyan says the document signed in Washington will reopen railway communication with Russia

The document signed in the US will reopen the railway link between Armenia and Russia, which has been closed for 30 years," said Armenian Prime Minister Nikol Pashinyan, following his talks in Washington with the leaders of the US and Azerbaijan.

09.08.2025 10:19

Cargo transportation in Armenia in H1 is up 1.9%, while passenger transportation drops by 24.3%

The total cargo transportation in Armenia from January to June of 2025 amounted to over 7.5 million tons, which is a 1.9% increase compared to the same period in 2024.

08.08.2025 17:07

Armenia's service sector grows by 9.8% in six months, reaching AMD 1.8 trillion

According to the National Statistical Committee, the volume of Armenia's services sector from January to June of 2025 was over 1.8 trillion drams at current prices, which is a 9.8% increase compared to the first six months of 2024.

08.08.2025 16:34

Domestic trade turnover in Armenia in first half of year amounted to 2.9 trillion drams, an increase of 3.9%

Domestic trade turnover in Armenia in January-June 2025 amounted to 2,953,471.8 million drams (in current prices), an increase of 3.9% compared to January-June 2024. This was reported by the National Statistical Committee of the Republic.

08.08.2025 15:38

Armenia exported 2.3 times more flowers to Russia than last year

According to Armenian Minister of Economy Gevorg Papoyan, as of August 3, 2025, Armenia had exported 1,217 tons of flowers, compared to 519 tons in the same period last year.

08.08.2025 14:30

Regulator approves investment program of Vorotan HPP cascade’s owner

Today, the Public Services Regulatory Commission of Armenia (PSRC) approved Contour Global Hydro Cascade's investment program for 2025-2027, valued at 4,675.5 million drams (excluding VAT).

08.08.2025 12:49

Armenian construction industry ups by 18.5% in the first half of the year to 224.9 billion drams

According to the National Statistical Committee, the volume of construction in Armenia from January to June of 2025 amounted to 224,871.5 million drams (in current prices), 18.5% higher than in the same period in 2024.

08.08.2025 10:24

Armenia's electricity generation increased by 4% to 4.7 billion kWh in six months

From January to June of 2025, Armenia generated 4,694.7 million kWh of electricity, which is 4% more than in the same period of 2024, according to the National Statistical Committee.

07.08.2025 17:03