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Armenia intends to join SCO in line with its balanced policy - Pashinyan
... eliminate the status of observers or associate members," he said. The Shanghai Cooperation Organization was established in 2001. The organization includes ten states: Kazakhstan, China, Kyrgyzstan, Russia, Tajikistan, Uzbekistan, Pakistan, India, Iran, Belarus (since 2024). Observers at the SCO are Afghanistan and Mongolia. The SCO dialogue partners are Azerbaijan, Armenia, Bahrain, Egypt, Cambodia, Qatar, Kuwait, Maldives, Myanmar, Nepal, UAE, Saudi Arabia, Turkey, and Sri Lanka. The meeting of the ...
07/16/2025EFSD releases Regional Economic Review Summer 2025
... quarterly dynamics indicate a slowdown after a sharp rise in Q4 2024. Inflation processes in the region are unevenly developing. In Russia, inflation began to slow down, reaching 10.3% y/y in Q1, while in other countries, including Kazakhstan (11.3%) and Belarus (5.9%), price pressure is increasing. Relatively tight monetary policy is expected to remain in all countries of this group in the medium term. The budget situation is generally stable. Budget surpluses were recorded in Armenia, Kazakhstan, Kyrgyzstan ...
07/11/2025"Global Entrepreneurship Report": Armenia ranks first in "Eastern Europe+" group
... prestigious initiative for the second time. The first time was in 2019, when 49 countries joined the report. In 2024, 51 countries took part in compiling the Global Entrepreneurship Report. These include a number of developing countries - Kazakhstan, Ukraine, Belarus, Egypt, Jordan, as well as countries with developed economies - the USA, Canada, Germany, Great Britain, Austria, Norway and others. This year, as in 2019, the publication "Global Entrepreneurship Report Armenia 2024/2025" was prepared ...
06/30/2025Delivery times for goods from Armenia and other CIS countries to Russia have increased by two weeks
... 27. /ARKA/. Deliveries from CIS countries to Russia have been delayed due to increased customs checks, Forbes.ru reported citing Russian daily 'Izvestia.' Problems have arisen with deliveries from Kazakhstan, Georgia, Armenia, and Kyrgyzstan. Only Belarus is operating without delays, noted Alexei Razumovsky, commercial director of Impaya Rus. The Russian Federal Customs Service press service noted that Russia, Kazakhstan, and Armenia are members of the Eurasian Economic Union (EEU) and have a single ...
06/27/2025Armenia's foreign trade turnover decreased by 52.9% in 4 months, to $6.3 billion. China ahead of the UAE in the top three
... the EAEU - $ 2,296,957.6 thousand (a decline of 61.5%). Armenia's largest foreign trade partners are Russia (trade turnover for the first 4 months of this year was $2,203,221.1 thousand, a 62.5% decline compared to the first 4 months of last year), Belarus ($65,001.1 thousand, a 10.5% increase) and Ukraine ($32,693.6 thousand, a 2.9% increase). The volume of Armenia's foreign trade turnover with the EU countries for the reporting period amounted to $729,348.3 thousand, an increase of 4.8%. The top ...
06/05/2025EAEU is 11 years old: A History of Success – Ambassador of the Russian Federation to the Republic of Armenia S.P. Kopyrkin on EAEU Day
The countries of the Eurasian Economic Union (EAEU) celebrate EAEU Day on May 29. This dynamically developing integration organization, uniting Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan, has proven its relevance and viability in a relatively short period of time by historical standards. YEREVAN, May 29. /ARКА/. The countries of the Eurasian Economic Union (EAEU) celebrate EAEU Day on May 29. This ...
05/29/2025Yerevan is among top 5 foreign spring vacation destinations for Russians
... destinations that Russians chose for vacation from March to May, according to OneTwoTrip travel planning service. Turkey's Istanbul turned out to be the most popular foreign city this spring accounting for 8.0% of bookings, followed by Dubai (UAE) and Minsk (Belarus), where 6.3% and 4.4% of tourists vacationed respectively. Yerevan (2.6%), Shanghai (2.4%), Tashkent (2.3%), Tbilisi (2.2%), Paris (2.1%), Beijing (1.9%) and Bangkok (1.6%) were also in the top. -0-
05/27/2025Armenian citizens can take advantage of VTB's medical tourism project
... capabilities of local medicine in terms of speed or level of services. At the same time, 90% of respondents in the CIS countries expressed their trust in Russian medicine. That is why we offer citizens from Armenia, Kazakhstan, Uzbekistan, Tajikistan, Belarus and other countries full support from the moment a patient places an application until the result of treatment is received," said Sergey Nechaev, General Director of VTB Medicine. Every year more than 1 million CIS citizens receive medical ...
05/13/2025“Gazprom” to provide Armenia with 107 million cubic meters of operational gas reserve
Gazprom will create an operational gas reserve in underground storage facilities in Russia, Armenia and Belarus for the 2025-2026 heating season. YEREVAN, April 24. /ARКА/. Gazprom will create an operational gas reserve in underground storage facilities in Russia, Armenia and Belarus for the 2025-2026 heating season. In Armenia, the operational reserve ...
04/25/2025FINTECH360 international conference held in Yerevan with the support of Unibank
... how growing hyper-personalization is transforming the customer experience, FinTech solutions in brokerage services and capital markets, and the digitalization of the insurance market. Experts from 20 different countries attended FINTECH360: Armenia, Belarus, Great Britain, Cyprus, France, Georgia, Germany, Japan, Kazakhstan, Kyrgyzstan, Latvia, Moldova, Mongolia, Russia, Singapore, Sweden, Switzerland, Tajikistan, Uzbekistan, the UAE, and the UK. Following an enriching panel discussion, attendees ...
04/22/2025Forbes includes Ruben Vardanyan, Eduardo Ernekian, Kim Kardashian in the list of the richest people in the world
... ranked 2,110th, fortune $1.6 billion Together with billionaire Sergei Lomakin, they co-founded Russian discount retailer Fix Price in 2007. The company went public in 2021. The chain has opened more than 4,000 stores in Russia, Kazakhstan, Georgia, Belarus, Latvia, Kyrgyzstan and Uzbekistan. Previously Khachatryan was an executive director of the company, in December 2023 Khachatryan sold his entire stake in FixPrice and resigned from the board of directors, citing family reasons. Nubar Afeyan - ...
04/02/2025Armenia's foreign trade turnover decreased by 40% in January to $1.4 Billion, China overtakes UAE in top three
... January 2024. This includes turnover with the EAEU, which was $467,201.6 thousand (a decrease of 54.5%). Armenia's largest trading partners are Russia (with a turnover of $455,498.4 thousand in January 2025, a decrease of 54.8% compared to January 2024), Belarus ($8,615.5 thousand, a decrease of 25.9%), and Ukraine ($5,450.7 thousand, an increase of 25.7%). The foreign trade turnover with EU countries for the reporting period amounted to $154,560.6 thousand, reflecting a growth of 9.9%. The top five largest ...
03/07/2025Yerevan among top 3 budget vacation destinations for Russians in March - OneTwoTrip
... thousand rubles per person, and a day in a hotel - 3-5 thousand rubles, according to the findings of a research made by OneTwoTrip travel planning service, Russian news agency Tass reported. “The cheapest is a trip to Minsk : a ticket to the capital of Belarus costs about 10 thousand rubles, and a three-star hotel of can be reservedfor 5 thousand rubles per day. Traveling to Yerevan will cost 11 thousand for a flight and 3 thousand for a hotel and to Samarkand (Uzbekistan) 11,500 and 3,200 respectively....
02/19/2025EFSD review: Armenia's economy slows down significantly, 2025-2027 forecast is 5%
... 4.9%, and S&P's forecast is around 5.5%. About the Fund The Eurasian Fund for Stabilization and Development (EFSD) is a regional financial mechanism with a volume of over US$9 billion, established in 2009 by the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan. The EFSD's objectives are to promote economic and financial stability in its member states and support their sustainable development.
02/13/2025Number of tourists visiting Armenia in 2024 decreased by 4.7% to 2.2 million people
....3%), and Iran (176,453 people, or 8%, an increase of 18%). Additionally, Armenia was visited by citizens from the United States (58,965), India (43,672), China (32,823), France (30,194), Germany (28,717), Ukraine (28,238), the Philippines (24,755), Belarus (16,963), Italy (15,968), the Netherlands (14,350), the Republic of Korea (13,966), Turkey (12,652), the United Kingdom (11,793), Poland (11,241), and Kazakhstan (10,236). The smallest number of tourists—just one person each—came from Barbados,...
02/05/2025Newly established Directorate General of the European Commission to oversee financial and technical support for Armenia
... work to join the Union is another important task of DG ENEST. This DG will also manage most of the EU's financial and technical assistance to enlargement partners, as well as to the EU's Eastern Neighbourhood countries, such as Armenia, Azerbaijan and Belarus. In addition, the DG will deliver continued and sustained support for Ukraine and continue the work on Ukraine's recovery and reconstruction and host the Ukraine Donor Platform. Commissioner For Enlargement, Marta Kos, said: “Peace, freedom ...
02/04/2025Armenia posts highest industrial output growth rate in EEU - EEC review
... Economic Commission (EEX), the executive arm of the Eurasian Economic Union (EEU), said in an analytical review. It said Armenia is ahead of other EEU member countries in terms of industrial production growth rate. According to the review, the growth in Belarus amounted to 5.5% (4,451.7 billion Belarusian rubles), in Kyrgyzstan – to 4.8% (120,321.2 billion soms), in Russia to 4.3% (126,338.6 billion rubles), and in Kazakhstan to 2.7% (632,608.7 billion tenge). Armenia is ahead only of Russia in terms ...
01/28/2025Almost 930 thousand square meters of housing commissioned in Armenia in January-November, up 89% yoy - EEC
... member countries in terms of growth. According to the review, in Kazakhstan the growth amounted to 8.3% (16.3 million square meters of housing), in Kyrgyzstan – to 7.1% (1.1 million meters), in Russia -to 0.7% (93.8 million square meters), and in Belarus – to 0.4% (3.3 million square meters). Across the EEU as a whole, the housing commissioning in the first 11 months of 2024 compared to the same period of 2023 increased by 2.1%, reaching 115.5 millionsquare meters. The review also notes that ...
01/28/2025Son of rich Armenian businessman put on international wanted list
... on November 2, 2024, against Nver Tsarukyan. The court decided to arrest Never Tsarukyan and he was put on an international wanted list. Earlier, Never Tsarukyan's lawyer said that after the incident in Tsaghkadzor he went on a “business trip” to Belarus. -0-
01/24/2025Armenia ranked 108th in the Logistics Performance Index for 2024
... data on the World Bank website. Regarding Armenia's neighbours, in the updated index, Georgia ranked 85th, Iran 123rd, Turkey 39th (Azerbaijan is not specified). Among the EEU member states, Kazakhstan has the best result - 80th place, followed by Belarus - 82nd place, Russia - 90th and Kyrgyzstan - 128th. The World Bank's Logistics Performance Index by Country (LPI) assesses the performance of national logistics systems based on six key indicators, including the quality of customs services, ...
01/20/2025Armenia benefits most from EEU membership - Russian Deputy Prime Minister
... Statistical Service, Armenian exports to the EEU stood at more than $3.12bn (a 10.2% drop), while imports totalled almost $8.99bn (a 2.4-fold increase). Armenia's largest EEU partners are Russia (trade turnover of over $11.6bn, up 71.6%), followed by Belarus (about $190.5m) and Kazakhstan (about $76.3m).-0-
01/15/2025EAEU or EU: Armenia's foreign trade indicators amid plans for a European turnaround
... from EAEU countries amounted to $8,986,029.6 thousand, reflecting a 2.4-fold increase. Armenia's largest partners in the EAEU are Russia (with a trade turnover of $11,624,796.6 thousand from January to November 2024, a 71.6% increase compared to 2023), Belarus ($190,482.1 thousand, up by 9%), and Kazakhstan ($76,321.1 thousand, a decrease of 22.3%). EU In contrast, Armenia’s foreign trade turnover with the EU countries for the same 11 months of 2024 amounted to $2,113,425.8 thousand, a decrease of ...
01/13/2025Armenia's foreign trade turnover reaches $28.2 billion, growth slows
... Trade Turnover Armenia's foreign trade turnover with CIS countries for January-November 2024 totaled $12.05 billion, a 66.9% increase compared to the same period in 2023. Russia is Armenia’s largest partner ($11.62 billion, up 71.6%), followed by Belarus ($190.48 million, up 9%) and Ukraine ($82.1 million, down 0.5%). Trade with EU countries amounted to $2.11 billion, a 14.1% decrease. The largest European partners are Germany ($443.91 million, down 24.4%), Italy ($382.38 million, up 0.1%), the ...
01/13/2025Pashinyan names key priorities of Armenia's chairmanship of EAEU
... these areas. Since January 1, 2024, Armenia has chaired the EAEU bodies—the Supreme Eurasian Economic Council, the Eurasian Intergovernmental Council, and the Council of the Eurasian Economic Commission. The members of the EAEU are Armenia, Russia, Belarus, Kazakhstan, and Kyrgyzstan. Cuba, Moldova, and Uzbekistan have observer status.
12/26/2024Iran ratifies free trade agreement with EAEU
... parliament ratified the agreement earlier this year. The volume of trade between Iran and the EAEU increased by 11% in the first nine months of 2024 compared to the same period last year. The EAEU is an intergovernmental economic association comprising Belarus, Kazakhstan, Russia, Kyrgyzstan, and Armenia.
12/24/2024Armenia 4th in popularity for Russians' New Year Holidays
... According to TASS, Armenia accounted for 7% of air ticket purchases for the New Year holidays. The only countries ahead of Armenia in this regard are Thailand (11%), Uzbekistan (10%), and Turkey (8%). Russians also plan to fly to the UAE, Kazakhstan, and Belarus (6% each), as well as Georgia (5%).
12/16/2024Armenia to host next meeting of EEU Joint Board of Customs Services in 2025
Armenia will host a regular session of the Joint Board of Customs Services of Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia, which are members of the Eurasian Economic Union (EEU). YEREVAN, 29 November. /ARKA/. Armenia will host a regular session of the Joint Board of Customs Services of Armenia, Belarus, Kazakhstan, Kyrgyzstan ...
11/29/2024A young farmer develops his village through hard work
... of tractors in the future to provide more services to our fellow villagers," said farmer Karen Grigoryan. Through ‘’Acba Leasing’’, with government subsidies, you can purchase agricultural machinery and equipment from brands like ‘’Belarus’’, ‘’Yuto’’, ‘’Solis’’, ‘’Lovo’’, ‘’Chanfa’’, ‘’Okyu’’, ‘’Dong Feng’’, ‘’New Holland’’, ‘’Tavol’’, and many others, at an effective interest rate of 2% per year. With the support ...
11/25/2024''Energy Efficient Regions'' program implemented in Armenia with $1.7 million EFSD grant
... Administration and Infrastructure of Armenia, the Renewable Energy and Energy Efficiency Fund of Armenia, the National Polytechnic University of Armenia, the EFSD, as well as representatives and managers from UNDP and experts in energy-saving technologies from Belarus, Kyrgyzstan, and Tajikistan. On November 20, the participants visited Gyumri, where they observed the work being carried out at several institutions: the Gyumri branch of the National Polytechnic University of Armenia, the Enrico Matte Polyclinic,...
11/21/2024Development of 360-meter tunnel and road infrastructure concreting begins on Armenia's ‘’North-South’’ route
... access of Armenian producers to markets and significantly increase the transit potential of the country. The Eurasian Fund for Stabilisation and Development (EFSD) is a regional financial mechanism worth over $9 billion established in 2009 by Armenia, Belarus, Kazakhstan, Kyrgyzstan, the Russian Federation and Tajikistan. The objectives of the EFSD are to promote economic and financial stability in its member states and to support their sustainable development.-0-
11/07/2024Number of tourists visiting Armenia over 9 months decreased by 6.2% to 1.7 million
....1%), and Iran (136,496 people, or 7.9%, an increase of 17.8%). Armenia was also visited by citizens from the United States (48,257 people), India (33,233), China (24,444), Germany (22,519), France (24,243), Ukraine (21,427), the Philippines (16,695), Belarus (12,681), Italy (12,350), the Republic of Korea (11,790), the Netherlands (11,749), Poland (8,893), Turkey (8,585), Belgium (7,934), Kazakhstan (7,700), Spain (6,552), the UAE (5,545), Bulgaria (5,433), Iraq (5,290), Austria (4,729), the Czech ...
11/06/2024Russia was and remains a friend of Armenia - Armenian ambassador
... Vladimir Putin said Tuesday at the ceremony of credential presentation that Moscow was doing everything to help Armenia and Azerbaijan normalize their relations and sign a peace treaty. He noted that he was glad to see the newly-appointed ambassadors of Belarus, Kyrgyzstan, Armenia and Azerbaijan, saying they were the states which are Russia's closest neighbors, the best friends, natural strategic partners and allies. However, in an interview with Russia's RIA Novosti news agency, Russian Foreign Minister ...
11/06/2024Iranian market will open for main part of Armenian exports: minister
... committee on regional and Eurasian integration, saying it will replace the temporary one that has been in force since October 2019. To enter into force, the agreement must be ratified by the parliaments of Armenia and all other EEU countries (Russia, Belarus, Kazakhstan and Kyrgyzstan). Papoyan recalled that in 2019-2023, the EEU trade with Iran increased from $2.4bn to $5.2bn, but exports from Armenia to that country did not grow significantly. ‘Thus, in the first 8 months of 2024, the growth was ...
10/25/2024No change in relations with Belarus - MP on Pashinyan-Lukashenko meeting at BRICS+
Armenia's relations with Belarus remain unchanged, said Artur Hovhannisyan, Secretary of the ‘’Civil Contract’’ faction, in a cooment on a conversation between Armenian Prime Minister Nikol Pashinyan and Belarusian President Alexander Lukashenko that took place yesterday ...
10/25/2024Armenia serves as a natural bridge to the EAEU market for Iran - Armenian ambassador
... comprehensive modernization, cooperation, and enhance the competitiveness of national economies, while creating conditions for stable development to improve the standard of living for the populations of the member states. The EAEU includes Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia. -0-
10/21/2024Armenia's share in cross-border payments by sellers of Russian marketplaces in 2024 increased almost 4 times
The share of Belarus has almost tripled in the total volume of cross-border payments of sellers of Russian marketplaces in January-August 2024, according to a study of Modulbank and PRO Wildberries, Russian business daily Kommersant reported. YEREVAN, October ...
10/01/2024Armenia is ahead of all EAEU countries in terms of growth rates of manufacturing industry
... industry, the volume of production in this sector increased by 8.4%. It is gratifying that there was an increase in industrial production in the manufacturing sector in January-July 2024 in all EAEU countries: Armenia leads with 23.6%, Russia - 8.6%, Belarus - 7.7%, Kazakhstan - 5.1%," she said. -0-
09/30/2024Russian Prime Minister travels to Armenia to participate in EIGC
... service of the Russian Cabinet of Ministers reported. Russian Prime Minister will take part in the 40th meeting of the Eurasian Intergovernmental Council (EIGC) and the plenary session of the Eurasian Economic Forum. Together with colleagues from Armenia, Belarus, Kazakhstan and Kyrgyzstan, Mishustin will discuss "current tasks of deepening integration within the Eurasian Economic Union", paying special attention to "issues of the functioning of the internal market, development of cooperation ...
09/30/2024Third Eurasian Economic Forum starts in Yerevan
... identifying the most pressing and common issues of integration processes in the EAEU. EAEU is an international integration economic union created on the basis of the Customs Union and the Common Economic Space. The members of the EAEU are Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan. Yerevan signed an agreement to join the union in 2015. -0-
09/30/2024Russia's trade turnover with CIS countries grew by 6.7% in 6 months; Armenia among top three trade partners
Russia's trade turnover with a number of former Soviet republics belonging to the Commonwealth of Independent States (CIS) grew by 6.7% in January-June 2024 compared to the same period of 2023, with Belarus, Kazakhstan and Armenia among the top three partners, Russian Deputy Prime Minister Alexei YEREVAN, 20 September. /ARKA/. Russia's trade turnover with a number of former Soviet republics belonging to the Commonwealth of Independent States (CIS) ...
09/20/2024Armenia to host 3rd Eurasian Economic Forum, marking 10 years of EEU
... program will include about 30 events, covering the most pressing and widespread issues related to EEU integration processes. The EEU, an international economic integration organization, was founded in 2014. The union currently includes Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan.
09/12/2024Russian official: Yerevan's EEU participation is beneficial, Moscow hopes Armenia won’t withdraw
... readiness to expand cooperation within the EEU and to address challenges that could further stimulate economic growth among member states. The EEU is an international economic integration organization established in 2015. Its members are Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan.
08/20/2024Armenia Leads EEU in GDP and industrial growth amid low inflation
... Union (EEU) in both GDP and industrial production growth, according to the recent Macroeconomic Review by the Eurasian Development Bank (EDB). In the first half of 2024, Armenia's real GDP grew by 10.4% compared to the same period in 2023, surpassing Belarus (5%), Kazakhstan (3.3%), Kyrgyzstan (8.1%), Russia (4.7%), and Tajikistan (8.2%). Armenia also recorded the highest growth in industrial production among EAEU countries, with an 18.2% increase in the first half of 2024 compared to the same period ...
08/14/2024Armenia to co-operate with EEU countries in weather forecasting
... the agreement is to exchange and freely access relevant information related to weather forecasting and meteorological services. This is expected to improve the level of reliability of information exchange between the parties to the agreement (Armenia, Belarus, Kazakhstan, Kyrgyzstan and the Russian Federation) and contribute to better information exchange. The agreement also establishes procedures for the location, exchange and provision of information between the parties and hydrometeorological services,...
08/08/2024Armenia sees 6.1% decline in foreign tourists in H1 2024
... 10.2% increase, and tourists from Iran totaled 69,252 (7.3% of the total), an 18.3% increase. Additionally, tourists from India (24,949), the USA (17,042), the Philippines (13,183), Ukraine (12,663), China (11,473), Germany (11,082), France (11,032), Belarus (7,796), South Korea (7,336), Italy (6,755), Turkey (5,539), the UK (4,991), the Netherlands (4,948), Kazakhstan (4,703), Poland (4,231), Bulgaria (3,549), the UAE (3,341), Belgium (3,056), Spain (2,948), Moldova (2,929), Egypt (2,710), Austria ...
08/07/2024Armenia to skip CSTO exercise in Kyrgyzstan
... not participate in the CSTO "Interaction-2024" exercises in Kyrgyzstan, the military bloc’s website reported on Tuesday. These exercises will be held between September 3 and 15. The exercise will features ministries of internal affairs of Belarus, Kyrgyzstan, and Tajikistan; the National Guard of Kazakhstan and the Russian National Guard; representatives of special services from Kazakhstan, Kyrgyzstan, and Tajikistan; and emergency ministries from Belarus, Kyrgyzstan, Russia, and Tajikistan....
08/06/2024Fitch ratings revises Armenia's economic growth projections
... in 2025, and 5.1% in 2026. This is a revision from its January 2024 forecast, which expected a 6% growth in 2024 followed by a decrease to 4.9% in 2025. The updated forecast highlights the continued benefits of internal migration flows from Russia, Belarus, Ukraine, and Nagorno-Karabakh, which have positively impacted Armenia's economy. Real GDP grew by 8.7% in 2023 and maintained a 9.2% year-on-year growth rate in the first quarter of 2024. Significant drivers of growth are expected to be the tourism ...
07/29/2024EFSD to provide $100m loan to Armenia as budget support
... aimed at increasing business productivity and developing the labour market is attached to the agreement. The Eurasian Fund for Stabilization and Development is an international financial institution managing $9 billion of funds established by Armenia, Belarus, Kazakhstan, Kyrgyz Republic, Russia and Tajikistan with the goals to assist its member states in overcoming the consequences of global financial crisis, to ensure their long-run economic stability and to foster economic integration of EFSD member-countries....
07/25/2024Armenia leads EEU in industrial production growth for January-May 2024
... period in 2023, according to the Eurasian Economic Commission's Telegram channel. The overall industrial production within the EEU increased by 5.2% during this period. Growth was recorded in all member states: Armenia with 22%, Kyrgyzstan with 2.6%, Belarus with 8%, Russia with 5.2%, and Kazakhstan with 3%.
07/22/2024EFSD holds a workshop on procurement and financial management in project implementation in Yerevan
... efficiency of social infrastructure facilities, and other projects. The Eurasian Fund for Stabilization and Development (EFSD) is a regional financial arrangement totaling US $9 billion, established in 2009 by the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan. The EFSD aims to promote economic and financial stability in its member states and support their sustainable development. -0-
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