All news related to EDB

EDB expects low inflation in Armenia to remain in 2020

30.03.2020 13:46

EDB expects low inflation in Armenia to remain in 2020

YEREVAN, March 30. /ARKA/. In 2020, Armenia’s GDP growth will slow down to 5.6% due to the exhaustion of the effect of a low comparison base in the ore mining sector as well as a reduction in net exports caused by weak external demand, the Eurasian Development Bank’s division for analyses said in its review.

In 2019, the growth of the Armenian economy speeded up to 7.6%, from 5.2% a year earlier thanks to some expansion of household consumption and a rally in the mining industry.

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Armenia's banks highly interested in opening accounts in Eurasian Development Bank

04.12.2019 16:06

Armenia's banks highly interested in opening accounts in Eurasian Development Bank

Four banks of Armenia already have active accounts at the Eurasian Development Bank, and another four banks intend to open accounts, Olga Komarova, deputy chair of the Eurasian Development Bank’s board, said Tuesday as she met with Varos Simonyan, Armenian deputy economy minister

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Eurasian Development Bank's investment portfolio in Armenia stands now at $91 million

09.10.2019 16:46

Eurasian Development Bank's investment portfolio in Armenia stands now at $91 million

The Eurasian Development Bank’s (EDB) investment portfolio in Armenia stands now at $91 million and is likely to increase by another $30 million after the completion of another two projects, EDB’s director for Armenia Armen Melkikyan told reporters on Wednesday

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EDB expects Armenian GDP growth to exceed 6 percent in 2019

08.10.2019 16:37

EDB expects Armenian GDP growth to exceed 6 percent in 2019

In an exclusive interview with Arka news agency Andrey Krainiy, deputy EDB Board Chairman, said the Bank forecasts that the economic growth in Armenia by the end of 2019 will exceed 6% and will be one of the highest in the EDB member countries

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EDB: Armenian economy speeds up growth

11.09.2019 19:31

EDB: Armenian economy speeds up growth

YEREVAN, September 11. /ARKA/. Armenia’s economic activity index increased by 8.1% in July 2019 as opposed to the same month of 2018. Compared with June 2019, the figure upped by 3.4%, the Eurasian Development Bank (EDB) said. Konstantin Fedorov, head of an EDB unit, in charge of economic analyses, said the growth could have been […]

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EDB looking to buy stakes in Armenian banks

09.09.2019 20:23

EDB looking to buy stakes in Armenian banks

YEREVAN, September 6. /ARКА/. Eurasian Development Bank (EDB) CEO Andrei Belyaninov said in an interview with Reuters (https://www.reuters.com/article/edb-bonds/eurasian-development-bank-plans-bond-issues-eyes-bank-stakes-idUSL5N25W110) that the bank was looking to buy stakes in local banks in the countries where it operates – which include Belarus, Armenia, Kyrgyzstan and Tajikistan in addition to the founding partners. “We are working on an equity […]

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Eurasian Development Bank considering possibility of its participation in Armenian eco-projects

14.08.2019 17:22

Eurasian Development Bank  considering possibility of its participation in Armenian eco-projects

The Eurasian Development Bank is considering the possibility of its participation in Armenian eco-projects to the tune of $10-15 million each in 2019-2022

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EDB’S loan portfolio increases to us $3.44 billion

31.05.2019 16:05

EDB’S loan portfolio increases to us $3.44 billion

The annual meeting of the Eurasian Development Bank’s (EDB) Council took place in Nur-Sultan alongside the meeting of the EAEU heads of state, the bank said in a news release

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EDB predicts rather high level growth for Armenia this year

12.11.2018 18:26

EDB predicts rather high level growth for Armenia this year

Armenia’s economic growth will continue to slow down, but will remain at a rather high level of 5.9% at the end of the year, according to the latest macroeconomic review, prepared by the Eurasian Development Bank (EDB)

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EDB chairman praises Armenia’s banking sector

07.09.2018 09:15

EDB chairman praises Armenia’s banking sector

The banking system of Armenia is in excellent condition, Eurasian Development Bank (EDB) board chairman Andrei Belyaninov said at a Eurasian Media Congress in Almaty, Kazakhstan, on Thursday

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