EDB to invest $200-250 million in Armenia in 2025-2026 – Deputy Chairman
ALMATY (Kazakhstan), December 5. /ARKA/. The Eurasian Development Bank (EDB) plans to invest between $200 million and $250 million in Armenia in 2025-2026. This was stated by Yaroslav Mandron, Deputy Chairman of the EDB Management Board, in response to a question from the ARKA news agency.
“In 2025, we will make a decision regarding the Electric Networks of Armenia (ENA),” Mandron said, adding that the bank is focusing on Armenia's energy sector, agriculture, and mining industry. The possibility of continuing cooperation with the Yeremyan Projects agro-industrial complex is also being considered.
Mandron emphasized that in Armenia, the EDB focuses on investments in the real sector and integration.
"The EDB's total investments in Armenia from 2022 to 2024 amounted to $328 million, with accumulated investments reaching $488 million. The EDB's current investment portfolio in Armenia stands at $200 million," Mandron said at the final press conference for 2024.
According to him, in 2024-2025, $100 million was invested in the modernization and production at the Zangezur Copper and Metallurgical Plant, $39 million in providing bank guarantees to the Ozon Group, and $6 million in the construction and modernization of dairy farms for the "Yeremyan Projects Group".
The Eurasian Development Bank (EDB), the World Food Programme, and the "Yeremyan Projects group" of companies are implementing the "Milk to Schools" project in the Republic of Armenia.
About the EDB
The Eurasian Development Bank (EDB) is an international financial institution engaged in investment activities across the Eurasian region. For over 17 years, the EDB has been promoting the strengthening and expansion of economic ties and the comprehensive development of its member countries. The EDB's authorized capital stands at USD 7 billion. The Bank's portfolio primarily consists of projects with an integration effect in areas such as transport infrastructure, digital systems, green energy, agriculture, industry, and mechanical engineering. In its operations, the Bank is guided by the UN Sustainable Development Goals and ESG principles.
