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EDB develops non-sovereign financing database to track investments by international financial institutions in Eurasia
... operations by IFIs in the region, including the Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB), the Eurasian Development Bank (EDB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the New Development Bank (NDB), the Black Sea Trade and Development Bank (BSTDB), the International Bank for Economic Co-operation (IBEC), the International Investment Bank (IIB) and the International Finance Corporation (IFC). The NSF Database ...
12/06/2024Ardshinbank Partners with the European Investment Bank to Improve Climate Risk Management
Ardshinbank has begun a strategic technical assistance initiative with the European Investment Bank (EIB) within the framework of the Greening Financial Systems program. YEREVAN, December 5. /ARKA/. Ardshinbank has begun a strategic technical assistance initiative with the European Investment Bank (EIB) within the framework of the Greening Financial ...
12/05/2024EIB ready to continue partnership in implementation of Armenian government's priority projects - Vice-President
The European Investment Bank (EIB) is ready to continue partnership with the government of Armenia in the implementation of the government’s priorities and strategic projects, the bank's Vice President Teresa Chervinska said at a meeting with Armenian Prime Minister ...
11/14/2024Armenia to take €236 million in loan from EIB for Sisian-Kajaran road construction
The Armenian government approved a loan agreement with the European Investment Bank (EIB) on Thursday, whereby the country will be provided with with €236 million for the construction of 60 km of the Sisian-Kajaran road. YEREVAN, November 7. /ARKA/. The Armenian government approved a loan agreement with the European Investment ...
11/07/2024EIB Global signs first direct loan agreement with Armenian Acba bank
The European Investment Bank’s global arm, EIB Global, is lending Armenia-based Acba bank €55 million to expand financing for micro, small and medium-sized enterprises (MSMEs) as well as mid-caps in the country. The transaction is EIB Global’s first direct credit line to a commercial bank ...
07/31/2024Transportation and communications important sectors for investment in South Caucasus - head of EBRD
... the current 130 kilometers) is the largest road construction project in the history of Armenia. Within its framework, 27 bridges and 9 tunnels will be built. The total cost of the project is estimated at about $1 billion. The European Investment Bank (EIB), the Asian Development Bank (ADB) and the Government of Armenia are expected to finance the construction of other sections of the road. ARKA News Agency is the media sponsor of the EBRD Annual Meeting and Business Forum, which will be held on May ...
05/07/2024Yerevan to reconstruct 6 polyclinics and 32 kindergartens under energy efficiency program
The Armenian government has approved today a draft law on ratification of a financial agreement, signed earlier with the European Investment Bank (EIB) to reduce electricity consumption by a set of public buildings in the capital Yerevan as well as improve their seismic safety, cut carbon dioxide emissions and extend the life of the buildings. YEREVAN, January 18. /ARKA/. The Armenian government ...
01/18/2024Construction of new landfill for Yerevan will cost 26 million euros (EXCLUSIVE)
The solid waste management project designed for Yerevan, which calls for construction of a landfill is estimated at 26 million euros, Yerevan Municipality exclusively told ARKA news agency. YEREVAN, December 19. /ARKA/. The solid waste management project designed for Yerevan, which calls for construction of a landfill is estimated at ...
12/19/2023EEAS and European Commission delegation to explore ways to strengthen ties with Armenia
... European Council of 26-27 October to present options on how best to strengthen EU-Armenia relations. Along the EEAS and the European Commission, representatives of the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and Frontex will join the visit. The delegation will meet with high-level representatives of Armenian government, representatives of the United Nations and civil society organizations. At the occasion of the visit, also the EU-Armenia Investment ...
11/27/2023About $28.6 million will be invested in rehabilitation of water supply networks in Yerevan
... rehabilitation of the water supply networks in Armenia’s capital Yerevan, the Public Television reported. The rehabilitation is co-financed by the Armenian government, the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and the EU. The most worn out sections of the water supply system, where the water loss reaches 70%, will be replaced and repaired. According to Deputy Director of the Territorial Development Fund Ashot Khachatryan, the first phase of the project ...
04/17/2023A total of €7 billion pledged by international community at Donors Conference for Turkey and Syria
..., for the Swedish Presidency of the Council, the European Commission reported. It said more than 60 delegations from the European Union, its Member States and partners, including the UN, international and European financial institutions such as the EIB and the EBRD, and other relevant stakeholders met in Brussels to mobilize support for the people in Turkey and Syria after the devastating earthquakes of February 2023 and to coordinate the response in the affected areas in both countries. The total ...
03/21/2023EBRD Vice President: the Bank has invested over €2 billion euros in 205 projects in Armenia to date - EXCLUSIVE
... the metro infrastructure in particular improvement of its energy efficiency. In several districts of Yerevan, the water supply and waste water removal infrastructure has been rehabilitated by the Bank’s support and co-financing facilities of EU and EIB. The EBRD is financing the modernisation of street lighting in 28 streets of Yerevan. Apart from financial support, we are also helping Yerevan Municipality and Yerevan Bus Company with the integration of transport management and ticketing systems....
01/18/2023Ambassador: EU's assistance to Armenia aims to boost post-pandemic socio-economic recovery, create decent jobs and stimulate innovation
... December last year. 'As for all leveraged investments foreseen in the Economic Investment Plan, the bulk of these potential investments would come through loans from IFIs and investments of the private sector. Currently, we are together with the EBRD and EIB to use other financial instruments like guarantees or blending in order to ensure bigger investments here in Armenia. Now we are very active to develop several flagship initiatives. One is to support SMEs. The EU is discussing with the banks how ...
08/22/2022Heads of global financial institutions on impact of crisis in Ukraine
... in Ukraine and the international community’s respective and collective response to this crisis, Odile Renaud-Basso, President of the European Bank for Reconstruction and Development (EBRD), Werner Hoyer, President of the European Investment Bank (EIB), Carlo Monticelli, YEREVAN, March 18, /ARKA/. After discussing March 17 the impacts on the global economy of the ongoing war in Ukraine and the international community’s respective and collective response to this crisis, Odile Renaud-Basso, ...
03/18/2022Armenia’s construction sector grows by 7.4% in 2021 to over 470 billion drams
... drams worth construction was financed by the Asian Development Bank, some 2.4 billion drams worth construction - by the European Bank for Reconstruction and Development (EBRD), about 7.3 billion drams worth construction by the European Investment Bank (EIB), also some 2.1 billion drams worth construction was financed by the German Development Bank (KfW). ($1 - 480.29 drams). -0-
02/09/2022Ameriabank signs USD 20 million loan agreements with responsAbility and Global Climate Partnership Fund
... Business, Energy and Industrial Strategy (BEIS) of the UK, Denmark’s development cooperation (Danida). Other private and public investors include ASN Bank, Ärzteversorgung Westfalen-Lippe, FMO, OeEB, Sparkasse Bremen, the European Investment Bank (EIB) and Heilsarmee. About Ameriabank Ameriabank is a dynamically developing bank and one of the major and most stable financial institutions in Armenia with clearly formulated digital agenda. Being the first investment bank in Armenia, Ameriabank provides ...
12/16/2021Converse Bank unveils new business lending product
... capital. Unless the applicant meets the crediting requirements of the European Investment Bank, Converse Bank will discuss other methods of financing with the applicant. For the terms and conditions, click here https://www.conversebank.am/hy/Conversebank-EIBcorporate/ Converse Bank is supervised by the CBA. -0-
11/12/2021Yerevan Metro is 40 years old
... stations starting from March 7. In 2010 the European Bank for Reconstruction and Development (EBRD) released 5 million euro loan to Armenia to carry on the rehabilitation and upgrade of Yerevan Metro. The EBRD’s sovereign loan was co-financed by an EIB €5 million loan tranche and an additional investment grant of €5 million from the EU’s NIF. The money was used as part of Phase I and Phase II to extend the facility's drainage tunnel to save electricity due to reduced water pumping costs, to ...
03/05/2021Armenia and Georgia must be connected by ideal highway
... this problem, and they are forced to repair cars every time they travel along this road. The renovation of the M-6 highway Yerevan-Alaverdi (Armenia) - the border of Georgia was launched in 2016. The project is financed by the European Investment Bank (EIB) and the Asian Development Bank (ADB).-0-
03/04/2020EIB set to expand cooperation with Armenia
Armenia's Deputy Minister of Territorial Administration and Infrastructure Vache Terteryan received November 14 a delegation of the European Investment Bank (EIB), led by Catherine Barberis, head of an EIB department for transactions, management and reconstruction. YEREVAN, November 14. /ARKA/. Armenia's Deputy Minister of Territorial Administration and Infrastructure Vache Terteryan received November ...
11/15/2019European Investment Bank ready to carry out new programs in Armenia
Armenian Prime Minister Nikol Pashinyan received today Vice President of the European Investment Bank (EIB) Vazil Hudak , the press service of the government reported. YEREVAN, October 31. /ARKA/. Armenian Prime Minister Nikol Pashinyan received today Vice President of the European Investment Bank (EIB) Vazil Hudak , the press service of the ...
10/31/2019Unibank showcases loan products developed for tourism companies at Intour Expo 2019
... clients and help them find the most suitable lending terms, so that tourism industry companies use effectively the financing to develop their businesses.’ Unibank provides loans to tourism enterprises in cooperation with the European Investment Bank (EIB) in Armenian drams for a period of up to 90 months and with an interest rate of up to 9.5% per annum. Unibank also offers businesses the opportunity to use unsecured loans of up to 5 million drams via a simplified procedure that saves not only the ...
04/26/2019Construction of new sanitary landfill in Yerevan postponed
... Minister of Territorial Administration and Development Suren Papikyan recalled that the Yerevan Municipality was to use the proceeds of a loan from the European Bank for Reconstruction and Development (EBRD), a loan from the European Investment Bank (EIB) and a grant from the European Union Neighborhood Investment Facility (EU NIF) to design and build a new sanitary landfill in Nubarashen and close the existing Nubarashen landfill and Ajapnyak dumpsites. The proposed project has a total estimated cost of EUR 26 million equivalent. The acting minister said due to the revision of the tender package and the delay in ...
12/13/2018Unibank presented special loans designed for tourism industry at Rest-Hotel Expo 2018
... by 50%, when compared to the same time span of 2017. One of the main requirements of SMEs is the opportunity to get long-term resources for business development. The bank actively cooperates with international organizations, European Investment Bank (EIB) and German KfW bank inclusive. Unibank offers business loans for a period up to 90 months, and with an annual interest rate of 10.5%. With the aim of increasing the effectiveness of activity and competitiveness of enterprises, it’s possible to ...
06/04/2018Armenia’s construction sector grew by 2.2% in 2017
... drams worth construction or 17.8% of the total was financed by international loans, an increase of 20.5% from the previous year. The largest portion was funded by World Bank loans -15.6 billion drams, followed by EBRD loans - 1.8 billion drams, the EIB - 9.4 billion drams, the Asian Development Bank - 17.3 billion drams, the German Development Bank - 826.3 million drams, Russia - 9.7 billion drams, and 19.2 billion drams worth construction was financed by other international loans. ($ 1 - 481.04 ...
02/05/2018Armenian government’s external debt up 5.5 percent in 9 months
... and another $659.5 million were owed to the International Bank for Reconstruction and Development (IBRD). Armenia's debt to the European Bank for Development and Reconstruction (EBRD) stood at $23.3 million; the debt to the European Investment Bank (EIB) – at $221.3 million, the debt to the International Fund for Agricultural Development (IFAD) was worth $6.5 million, the debt to OPEC was $57.6 million. The Armenian government also owed $550.9 million to the Asian Development Bank (ADB), $425....
12/04/2017European Investment Bank deepens cooperation with Armenia
... resumption of its operation after the commissioning of the new landfill. The third component will contribute to the preparation and implementation of those systems and facilities that will increase the processing volumes and the useful life of the new landfill. The money for this project is to come from EIB (8 million euro loan), EBRD (8 million euro loans), European Union (8 million euro grant) and the Eastern Europe Energy Efficiency and Environment Partnership (2 million euro grant). -0-
12/01/2017EBRD-managed fund to provide grant for construction of EU-compliant facility
... (E5P), and Armenia’s Ministry of Finance signed the relevant agreement today. The grant will support the construction of a new landfill with modern solid-waste management processes, covering the collection and disposal of municipal solid waste. It will ... ... provided through five different projects in Kotayk, Yerevan and Vanadzor as we are co-financing with partners such as the EBRD, EIB or KfW.” Since the start of its operations in Armenia, the EBRD has invested over €1.1 billion in 158 projects in the ...
06/30/2017European Investment Bank interested in Armenia’s energy projects
The European Investment Bank is interested in Armenia’s energy sector and is ready to expand cooperation here, Violine Silvestro, a senior lending specialist at the EIB, said Wednesday as he met with Ashot Manukyan, Armenian energy infrastructures and natural resources minister. YEREVAN, June 28. /ARKA/. The European Investment Bank is interested in Armenia’s energy sector and is ready to expand cooperation ...
06/28/2017Armenia - Georgia road closed because of rockfall
... meters long and 6 meters wide. The road is one of the two main highways for automobile communication between the countries. Last summer the Armenian parliament ratified an agreement the government had signed earlier with the European Investment Bank (EIB) whereby the latter will provide a 51 million euro loan for major rehabilitation of the motor way. The total project investment cost is about $102 million, and is shared by the Asian Development Bank (ADB), EIB, and the government of Armenia. The ...
05/16/2017Armenia to get 44 million euro loan for reconstruction of Vanadzor-Bagratashen road
... impact assessment and the detailed design were completed in 2015. The total project investment cost based on the feasibility study and detail design is about $102 million, and is shared by the Asian Development Bank (ADB), the European Investment Bank (EIB) and the government of Armenia. The project is divided into two subsections with approximate equal cost of $40 million (excluding VAT) for each subsection. As agreed, EIB will parallel co-finance the section 1 and ADB will finance the section 2. Arthur ...
03/01/2017Armenian PM travels to Vanadzor to see the repair of a road stretching to border with Georgia
... the Georgian border is being repaired. According to the government press service, the repair of the 38.5 km long section started in September 2016. The project is financed by 15.5 billion drams worth loans provided by the European Investment Bank (EIB) and the Asian Development Bank (ADB). The prime minister was told that the repair of the motorway will end in March 2018. The government has already announced a tender for the repair of the second 58 km long section of the road. The total project ...
01/19/2017European Investment Bank is Armenia’s strategic partner - Sargsyan
The European Investment Bank is a strategic partner to Armenia, Serzh Sargsyan, Armenian president, said Friday as met with the Vice President of the European Investment Bank (EIB) Jan Vapaavuori in Yerevan. YEREVAN, November 21. /ARKA/. The European Investment Bank is a strategic partner to Armenia, Serzh Sargsyan, Armenian president, said Friday as met with the Vice President of the European Investment Bank (EIB) Jan ...
11/21/2016Armenian government to be more scrupulous regarding use of credit funds of EIB
Prime Minister Karen Karapetyan praised today the cooperation between Armenia and the European Investment Bank (EIB) stressing the importance of a number of projects co-financed by EIB, such as the construction of North-South transport corridor, construction of the Caucasus electricity transmission lines and management of solid wastes as he received EIB Vice-President ...
11/18/2016Armenia to get 51 million euros from EIB for rehabilitation of Vanadzor-Bagratashen road
The Armenian parliament ratified today an agreement the government had signed earlier this year with the European Investment Bank (EIB) whereby the latter will provide a 51 million euro loan for major rehabilitation of a motor way stretching from Armenia's third largest town of Vanadzor to Bagratashen near the border with Georgia. YEREVAN, June 15. /ARKA/. The Armenian parliament ...
06/15/2016EIB to provide additionally 534,000 euros for modernization of border crossings on Armenian -Georgian border
The Armenian government on Thursday approved amendments to the financial agreement between Armenia and the European Investment Bank (EIB) on the modernization of border crossings on the Armenian-Georgian border. Under the amendment, the EIB will provide additionally 534 thousand euros for the program. YEREVAN, June 10. /ARKA/. The Armenian government on Thursday approved amendments ...
06/10/2016EIB to provide euro 30 million for improvement of Armenian irrigation systems
The European Investment Bank (EIB) will provide Euro 30 million loan to Armenia for financing a program designed to improve the country’s irrigation systems, the State Committee of Water Resources of Armenia said today following a meeting of the agency’s head Aram Harutyunyan ...
06/02/2016Unibank convenes on June 1 for shareholders general meeting
... Unibank also expanded significantly international cooperation working actively in the framework of loan programs with the International Finance Corporation (IFC), Black Sea Trade and Development Bank (BSTDB), as well as the European Investment Bank (EIB). Private European funds are now showing interest in the Bank's credit programs. Given the significant interest of investors in shares and bonds as long-term investment instruments, Unibank announced earlier this month a plan to place another 12.2 ...
05/31/2016Armenia’s external public debt in late March 2016 stood at $4.405.7 billion
... Association (IDA) and $516 million to the International Bank for Reconstruction and Development (IBRD). Armenian government owed also $19.6 million to the European Bank for Reconstruction and Development (EBRD), $135.5 million to the European Investment Bank (EIB), $65 million to the International Fund for Agricultural Development (IFAD), $41.7 million to OPEC, $405.8 million to the Asian Development Bank (ADB), $418.5 million to IMF, $73.5 million to the European Union and $100 million to the Eurasian Development ...
05/31/2016Investment in Armenia’s banking sector is promising - Gagik Zakaryan
... branches and 54 promotional centers. The number of its clients exceeds 300,000. Unibank is intensively cooperating with the International Finance Corporation (IFC), The Black Sea Trade and Development Bank (BSTDB) and the European Investment Bank (EIB). Retail clients and SMEs are Unibank’s top-priority client segment. The bank’s share in the consumer lending market was 9%, in card segment 8% and in corporate lending 5% in 2015. The bank is planning to increase this figures and strengthen ...
05/20/2016Armenia to build 24 million euro solid waster landfill near Yerevan
... YEREVAN, May 12. /ARKA/. The Armenian parliament has ratified today a loan agreement signed with European Bank for Reconstruction and Development (EBRD), which is providing a €8 million loan to Armenia to finance the construction of a solid waste landfill in Yerevan that will comply with EU regulations. The loan is co-financed by a €8 million credit line from the European Investment Bank (EIB) and a capital grant of €8 million from the European Union Neighborhood Investment Facility (NIF). The loans will provided at standard terms and 'from a financial point of view they are quite reasonable.' The new landfill will meet international ...
05/12/2016Armenia to get 24 million euro loans for constructing solid waster landfill near Yerevan
... with EU regulations, deputy finance minister Pavel Safaryan said today. YEREVAN, March 3. /ARKA/. The European Bank for Reconstruction and Development (EBRD) is providing a €8 million loan to Armenia to finance the construction of a solid waste landfill in Yerevan that complies with EU regulations, deputy finance minister Pavel Safaryan said today. He said the loan is co-financed by a €8 million credit line from the European Investment Bank (EIB) and a capital grant of €8 million from the European Union Neighborhood Investment Facility (NIF). Safaryan said the loans will provided at standard terms and 'from a financial point of view they are quite reasonable.' He said the new landfill will ...
03/03/2016EIB to help improve school seismic resistance in Armenia
The European Investment Bank (EIB) intends to join a World Bank and the Asian Development Bank program designed to improve the seismic resistance of schools in Armenia, the education and science ministry reported following a meting between minister Armen Ashotyan and an EIB delegation ...
02/02/2016In 2016 Armenian government to collect 8 billion drams less revenues than in 2015
... Armenian nuclear power plant until 2016; from the German KfW bank ($7.4 million or 3.6 billion drams) and the WB ($5.4 million or 2.6 billion drams). Armenian government is expected also to get a $2.6 million grant from the European Investment Bank (EIB) for the financing of the South-North transport corridor project. The government will also get $1.9 million grant form the government of Denmark and another $1.2 million grants from other sources. The draft budget approved by the government on October ...
11/09/2015EIB will allocate first tranche of 10 million euros to Armenia for construction of high-voltage transmission line with Georgia
The European Investment Bank (EIB) will allocate the first tranche of 10 million Euros to Armenia for the construction of high-voltage transmission line with Georgia, energy and natural resources minister Yervand Zakaryan told a Cabinet session today. YEREVAN, September 10. / ...
09/10/2015Armenian premier, European Investment Bank vice-president discuss cooperation-related issues
... reformation, development of democracy and human rights protection. He expressed appreciation of the European Investment Bank's support in development of infrastructures and small and mid-scale businesses. The premier also stressed the importance of the EIB-financed programs, particularly transport and energy projects aimed at connection of Eastern Partnership countries' infrastructures to EU trans-European networks and implementation of North-South transport corridor and Caucasian Railways projects....
03/16/2015Armenia’s president discusses cooperation with, vice-president of European Investment Bank
Armenia’s President Serzh Sargsyan today received Wilhelm Molterer, Vice-President of the European Investment Bank (EIB), Sargsyan’s press service reported. YEREVAN, March 16. /ARKA/. Armenia’s President Serzh Sargsyan today received Wilhelm Molterer, Vice-President of the European Investment Bank (EIB), Sargsyan’s press service reported. It said the ...
03/16/2015New European commission president launches plan to boost investment in bloc
... “European Fund for Strategic Investments.” The fund will be backed by €16 billion in guarantees from the EU budget and €5 billion from the European Investment Bank, the EU’s long-term lending agency. It will be housed at and managed by the EIB, but its operations won’t threaten the EIB’s Triple-A credit rating, officials said. The EU is hoping to leverage that initial €21 billion 15 times over, with cash coming from large investors that have been investing in low-risk assets because ...
11/26/2014Armenian parliament ratifies 60 million euro loan agreement with EIB
Armenia’s parliament has ratified today a 60 million euro loan agreement with the European Investment Bank (EIB) to be provided for the construction of a 27.47 km long road Lanjik-Gyumri road as part of the North-South transport corridor project. YEREVAN, June 10. / ARKA /. Armenia’s parliament has ratified today a 60 million euro loan agreement ...
06/10/2014Artashat-Ashtarak section of North-South corridor to be built by December
... North-South motor road will be built by December 2014, Armenia’s deputy minister of transport and communication Artur Arakelyan said in the parliament on Monday. The parliament was discussing the loan agreement with the European Investment Bank (EIB) for 60 million euros for construction of Lanjik-Giumry road section on Monday. The first tranche agreement is in force by December, Arakelyan said expressing confidence the works will be completed by then. The deputy minister said a total of about ...
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