YEREVAN, October 23 /ARKA/. The EBRD said it has received a €87 million contribution approved by the Green Climate Fund’s (GCF) Board. The funding will support the EBRD’s Green Cities Facility for climate-focused sustainable urban development in Albania, Armenia, Georgia, Jordan, FYR Macedonia, Moldova, Mongolia, Serbia and Tunisia.

EBRD and GCF financing will help cities and municipal utility companies to tackle their most pressing climate challenges such as greenhouse gas emissions, climate change adaptation, energy intensity, solid waste management, replacement of inefficient street lighting and water service management.

Through the Facility’s support, EBRD cities will develop Green City Action Plans (GCAPs) to identify priorities and actions to overcome environmental, social and economic challenges. Globally, cities account for around 70 per cent of CO2 emissions and action is urgent.

Categories: Banks @en, General news, News, News of the hour, Новости | Comments Off on EBRD receives €87 million from GCF to support to support climate-focused urban development in Armenia, Georgia and other countries

Tags: Armenia, EBRD, GCF, Georgia, support

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A new service launched by the Russian VTB Group enables customers of any Russian bank to make instantaneous money transfers to the banking cards of VTB’s subsidiaries

Categories: Banks @en, General news, News, News of the hour, Новости | Comments Off on New money transfer service is available to holders of VTB Bank (Armenia) cards

Tags: CARDS, CIS, Georgia, money transfer, MultiCard, VTB Bank (Armenia)

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Mellat Bank Yerevan, a subsidiary of Iran’s Bank Mellat, will open a new branch in Georgia by the end of the first half of the current Iranian year (Sept. 22), Bank Mellat’s chief executive said, according to Financial Tribune

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Tags: branch, Georgia, Mellat Bank, Yerevan

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Armenia’s direct investments in Georgia in 2016 amounted to $5.6 million, by $6.3 (52.8%) million down from the previous year, according to the National Statistics Service of Georgia

Categories: Economy @en, General news, News, News of the hour, Новости | Comments Off on Armenian direct investments in Georgia dropped by 52.8% last year to $5.6 million

Tags: Armenia, Georgia, INVESTMENTS

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YEREVAN, ARMENIA – The Asian Development Bank (ADB) said it has approved a $50 million loan to improve the transport efficiency and safety of the M6 Highway from Vanadzor in Armenia to the border with Georgia at Bagratashen, one of the most strategic roads for internal and external trade. “Road transport plays an important role […]

Categories: Banks @en, General news, News, News of the hour | Comments Off on ADB to help improve strategic road connection on Armenia -Georgia border

Tags: ADB, Armenia, Georgia, LOAN, road connection

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Mellat Bank CJSC, fully owned by Iran’s Mellat Bank, is considering room for opening a branch in Georgia, Mohammad Bigdeli, chairman of Mellat Bank CJSC’s board, told journalists on Wednesday

Categories: Banks @en, General news, News | Comments Off on Mellat Bank considering opportunity of opening branch in Georgia

Tags: Armenia, branch, Georgia, Mellat Bank

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The European Bank for Reconstruction and Development (EBRD) announced a two-stage tender for design engineering and construction of a bridge across the Debed River in the borderland between Georgia and Armenia

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Tags: Armenia, EBRD, engineering and construction, Georgia, tender

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Georgia’s government and national bank will take measures to deter the lari from devaluation, if any, but no devaluation is expected now, the National Bank President Georgi Katagidze is quoted by RIA Novosti

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Tags: bank @en, Georgia, lari

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The main factor that contributed to Georgian lari depreciation and the strengthening of dollar is the current situation in the Russia economy influenced in turn by international sanctions, vice-premier and minister of energy of Georgia Kakhi Kaladze said, as cited by RIA Novosti

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Tags: ECONOMIC SITUATION, Georgia, Russia

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NASDAQ OMX Armenia and Georgia’s Association of Banks signed a memorandum on

Categories: Bonds.am @en @en, General news, News, News of the hour | Comments Off on NASDAX OMX ARMENIA and georgian association of banks sign memorandum on cooperation

Tags: Armenia, Georgia, NASDAQ OMX Armenia

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