“Armenia’s Public Finances on the Rise: Sustainable Growth and Effective Management Observed, Expansion of Support for Social Expenditure”
Armenia’s public finances show improvement and sustainable economic growth in 2023, per a new report by RDB. Social expenditure is expanding with increased public spending and defense budget integration. GDP growth expected to reach 6.2% in 2024, decreasing to 4.8% by end of 2025.
“Armenia Secures 236 Million Euro Loan from EBRD for Yerevan-Gyumri Highway Construction: Boosting Connectivity and Efficiency”
Armenia and EBRD signed a €236M loan agreement for Yerevan-Gyumri highway construction. The loan will fund the southern section, reducing travel time by 10 mins. EBRD is the largest investor in Armenia. Source: NEWS.am
Armenian Prime Minister Accepts European Bank’s Offer for Road Development, Led by Tea Melikadze
Armenian PM accepts reconstruction offer from EBRD, led by Tea Melikadze. Meeting discussed implementation of North-South Road Corridor program.
Armenia’s Chief of Staff Joins Forces with EBRD to Transform Capital’s Banking Sector and Promote Peaceful Development
Arayik Harutyunyan, PM’s chief of staff, accepts EBRD’s invitation to collaborate on capital city’s banking sector reconstruction. Discussions focus on Armenia-EBRD cooperation, regional economic reforms, and the “Chess Field of Peace” project promoting peaceful development. Importance of EBRD’s support for displaced Karabakh people highlighted. Plans for 2024 EBRD meetings and management changes also discussed.