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EBRD, EU to provide €11 million to Armenia for implementation of modern solid waste management solutions in provinces

07.04.2016 17:15

EBRD, EU to provide €11 million to Armenia for implementation of modern solid waste management solutions in provinces

YEREVAN, April 7. /ARKA/. The European Bank for Reconstruction and Development (EBRD) is providing €5.5 million loan to Armenia for implementation of modern solid waste management solutions in Kotayk and Gegharkunik regions, the bank's press office reported on Wednesday.

The loan amount consists of a previously signed €3.5 million and a newly added €2 million EBRD sovereign loan. The additional €2 million will enable the geographic coverage of the Kotayk Solid Waste Management Project to be extended to the adjacent Gegharkunik region. The project will finance the construction of Armenia’s first European Union (EU) compliant solid waste landfill, providing an integrated solid waste management solution in the Kotayk and Gegharkunik regions.

According to the press release, the new landfill will be located in the city of Hrazdan in Kotayk Province and managed by twelve participating municipalities – Hrazdan, Abovian, Charentsavan, Tsakhkadzor, Byureghavan, Yeghvard, Nor Hachn, Sevan, Martuni, Gavar, Vardenis and Chambarak. It will operate as a commercially sustainable unit with modern solid waste management systems, covering the collection and disposal of municipal solid waste. The provision of this service will generate major environmental and social benefits for some 500,000 people in the area.

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Decline in Armenia’s foreign trade resulting from weakening demand from Russia and EU

22.07.2015 21:01

Decline in Armenia’s foreign trade resulting from weakening demand from Russia and EU

The decline in Armenia’s foreign trade is resulting largely from the weakening demand from Russia and the EU, the World Bank said in its monthly review of Armenian economy

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EU considers capital markets curbs among new Russia sanctions - Reuters

29.01.2015 14:17

EU considers capital markets curbs among new Russia sanctions - Reuters

New European Union sanctions against Russia could include further capital markets restrictions, making it harder for Russian companies to refinance themselves and possibly affecting Russian sovereign bonds, EU officials said on Wednesday

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EBRD and EU help to improve solid waste management in Armenia

19.12.2014 18:21

EBRD and EU help to improve solid waste management in Armenia

The European Bank for Reconstruction and Development (EBRD) is providing a €3.5 million loan to Armenia to finance the construction of the country’s first European Union (EU) compliant solid waste landfill. The loan is complemented by a €3.5 million capital grant provided by the European Union Neighbourhood Facility

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EU banking union gets final approval from MEPs: BBC

16.04.2014 12:46

EU banking union gets final approval from MEPs: BBC

MEPs have backed rules for a banking safety net to minimise the risk of further EU taxpayer-funded bailouts

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EU, ECB and IMF might have rejected Cyprus plan to create solidarity fund

22.03.2013 18:05

EU, ECB and IMF might have rejected Cyprus plan to create solidarity fund

German Chancellor Angela Merkel told German lawmakers today morning that Cyprus’s proposition to nationalize pension funds in order to prop up its finances was unacceptable, RBC reported. She insisted that Cyprus should rather concentrate on debt sustainability and bank restructuring in order to secure a bailout

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Merkel ready to discuss UK plans on EU, Skynews reports

24.01.2013 12:52

Merkel ready to discuss UK plans on EU, Skynews reports

Chancellor Angela Merkel says Germany is ready to discuss Britain’s ‘wishes’ on the EU after Prime Minister David Cameron announced an in-or-out referendum

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Optimistic comments by EU leaders raised metal quotes

26.11.2012 14:30

Optimistic comments by EU leaders raised metal quotes

Last week the gold quotes rose to a new six-week maximum of 1,754.28 USD per troy ounce amid the hike of stock indices and some other commodities assets, as well as up in investment sentiments as the U.S. “budget breakdown” became unlikely to happen

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European commission says no negotiations with Spain on AID

29.08.2012 14:13

European commission says no negotiations with Spain on AID

A spokesman for the European Commission said Thursday that there were no negotiations with Spain

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Second phase of DCFTA between Armenia and EU slated for early October

29.06.2012 11:52

Second phase of DCFTA between Armenia and EU slated for early October

Second phase of DCFTA between Armenia and EU slated for early October.

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