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EFSD has provided $490 million to finance infrastructure projects in Armenia

20.06.2017 18:28

EFSD has provided $490 million to finance infrastructure projects in Armenia

YEREVAN, June 20. /ARKA/. The Eurasian Fund for Stabilization and Development (EFSD) has provided $490 million to finance a string of infrastructure projects in Armenia, Alexey Cherekaev, an EFSD project group director, said in an interview with ARKA news agency.

He said the total funding consists of a budget assistance loan to the tune of $300 million, a loan for the construction of the North-South highway ($150 million) and an irrigation project loan ($40 million). He added that EFSD is considering another project for the construction of the Mastara reservoir worth $40 million.

He said since Armenia is entitled to claim assistance for another $510 million from EFSD, the latter is ready to consider new projects in the same sectors. In his words, the issue of additional financing is primarily linked with Armenia’s debt sustainability and its budget rule.

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HSBC Bank Armenia awards its Trade Finance Best Customers

15.06.2016 15:18

HSBC Bank Armenia awards its Trade Finance Best Customers

HSBC Bank Armenia has named today the winners of its seventh Best Trade Customers Award. Speaking at the Award giving ceremony

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Trade finance of HSBC Bank Armenia hikes by 104% to 19.5 billion drams in first quarter

10.07.2015 14:21

Trade finance of HSBC Bank Armenia hikes by 104% to 19.5 billion drams in first quarter

Exclusive interview of the head of trade finance department at HSBC Bank Armenia Kamo Margaryan to ARKA News Agency ARKA – Mr Margaryan, what are the trade finance instruments most demanded in the Armenian market in general and at HSBC Bank Armenia in particular? K. Margaryan – In fact, supply of trade finance instruments by […]

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VTB Bank (Armenia) finances construction of urban logistics services in Yerevan

08.07.2015 19:15

VTB Bank (Armenia) finances construction of urban logistics services in Yerevan

VTB Bank (Armenia) said today it had financed the construction of a modern and multi-functional Urban Logistics Services center in Yerevan

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VTB Bank (Armenia) financed construction of progress agro hothouse in Geghi

18.05.2015 21:19

VTB Bank (Armenia) financed construction of progress agro hothouse in Geghi

VTB Bank (Armenia) said today it had financed the construction of ‘Progress Agro’ hothouse in the village of Geghi in Kotayk region for growing cucumbers the opening of which was attended last week by president Serzh Sargsyan

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Armenia’s financial ombudsman office receives 3,244 finance-related complaints in 2014 - 62% more than in 2013

26.01.2015 18:57

Armenia’s financial ombudsman office receives 3,244 finance-related complaints in 2014 - 62% more than in 2013

Armenia’s financial ombudsman office received 3,244 finance-related complaints in 2014 – 62% more than it received in 2013, the office’s press service reports

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Armenia’s finance and insurance companies boast highest gross median monthly salary

03.12.2014 16:32

Armenia’s finance and insurance companies boast highest gross median monthly salary

Armenia’s finance and insurance companies boasted the highest median gross monthly salary in September 2014 – 353,383 drams- a 1.7 percent rise form the same time span in 2013, according to the latest numbers, released today by the National Statistical Service (NSS)

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Month of personal finance results summarized in Armenia

05.11.2014 14:50

Month of personal finance results summarized in Armenia

The preliminary results of the My Finance Month held by the Central Bank of Armenia were summarized on Tuesday, member of the central bank board Armenak Darbinyan said

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Month of personal finance management launched by Central Bank in Armenia

02.10.2014 14:08

Month of personal finance management launched by Central Bank in Armenia

The Central Bank of Armenia launched ‘My Financial Month’ events on Wednesday. October is announced a month of personal finance management, the regulator’s website reports

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EBRD has financed implementation of 130 projects in Armenia

01.10.2014 16:46

EBRD has financed implementation of 130 projects in Armenia

The European Bank for Reconstruction and Development (EBRD) has financed the implementation of 130 projects in Armenia since it gained independence, worth a total of 731 million euros, Mark Davis, the head of EBRD Yerevan Office, said today at an EBRD conference on trade finance in Yerevan

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