YEREVAN, December 3. / ARKA /. The National Assembly of Armenia ratified on Monday an agreement with the European Investment Bank whereby the latter will provide the Armenian government with a 30.316 million euro loan to finance the construction and modernization of three border crossings on the Armenian side of the border with Georgia and the related infrastructure.

The loan of EUR 30.3 million will support the development of the border crossings points in Bagratashen, Bavra and Gogavan and the improvement of the access roads in their vicinity and associated infrastructure, including a new bridge at Bagratashen and the reconstruction of the 7.4 km main road leading to the Gogavan crossing.

This will help to implement the Armenian government’s key priority of fostering the development of reliable transit routes of vital importance for the whole region. Once in operation, the project will contribute to the smoother flow of people, vehicles and goods between Armenia and Georgia.

Categories: Banks @en, General news, News, News of the hour | Comments Off on Armenian parliament ratifies 30 million euro loan agreement with European Investment Bank to modernize three border crossings

Tags: Armenia, Credit, EIB, PARLIAMENT

Read more

The Portuguese parliament adopted on Wednesday a 2013 austerity budget that includes draconian tax increases required by international creditors, in the teeth of swelling street protests, France 24 reports

Categories: Economy @en, General news, News | Comments Off on Portugal adopts hotly protested austerity budget

Tags: budget, PARLIAMENT, Portugal

Read more

On Wednesday, Armenian National Assembly ratified $18-million loan agreement with International Bank for Reconstruction and Development.

Categories: Banks @en, General news, News | Comments Off on Armenian parliament ratifies $18-million loan agreement with IBRD

Tags: ARMENIAN, IBRD, PARLIAMENT

Read more

A number of Armenian parliament members proposed to reduce the tariffs of mandatory car insurance in Armenia but insurance companies consider it not reasonable.

Categories: General news, Insurance market, News | Comments Off on Armenian parliament members propose to reduce the prices for mandatory car insurance but insurance companies consider it not reasonable

Tags: Armenia, insurance, PARLIAMENT

Read more

ARF parliament member warns against consequences of new wave of global crisis.

Categories: anticrisis.am @en @en, General news, News, News of the hour | Comments Off on ARF parliament member warns against consequences of new wave of global crisis

Tags: Armenia, crisis, PARLIAMENT

Read more

Parliament of Armenia facilitated the procedure of sale of mortgage property.

Categories: Economy @en, General news, News | Comments Off on Parliament of Armenia facilitated the procedure of sale of mortgage property

Tags: Armenia, PARLIAMENT, procedure

Read more

Posts of executive director and chairman of the board will be combined.

Categories: Banks @en, General news, News, News of the hour | Comments Off on Posts of executive director and chairman of the board will be combined

Tags: Armenia, bank @en, PARLIAMENT

Read more

Gagik Minasian, chairman of a parliament committee on financial, credit and budgetary issues, said today the yearend inflation will be within the projected target of 4-6%.

Categories: Economy @en, General news, News, News of the hour | Comments Off on Parliament committee chairman says year end inflation will be within projected target

Tags: Armenia, INFLATION, PARLIAMENT

Read more

Parliament refuses to put on r agenda draft law calling for cancellation of mandatory car insurance

Categories: General news, Insurance market, News | Comments Off on Parliament refuses to put on r agenda draft law calling for cancellation of mandatory car insurance

Tags: Armenia, insurance, PARLIAMENT

Read more

US dollar rate will not exceed 400 drams in 2010, considers member of opposition faction “Dashnaktsutyun”, deputy chairman of standing committee on financial-credit and budget issues Artsvik Minasyan.

Categories: Exchange market, General news, News | Comments Off on Parliament Deputy: Dollar Rate Will Not Exceed 400 Drams In 2011

Tags: Armenia, DOLLAR, PARLIAMENT, RATE

Read more