// IP Marketing video - START// IP Marketing video - END

EIB to allocate euro 30,316 mln. for Armenia’s checkpoint moderation

EIB to allocate euro 30,316 mln. for Armenia’s checkpoint moderation

PanARMENIAN.Net - Armenian Finance Minister Vache Gabrielyan and European Investment Bank (EIB) director of planning and settlement of operations Heinz Olbers signed a loan agreement envisaging allocation of euro 30,316 million for modernization of Bagratashen, Bavra and Gogavan check points.

“The infrastructure modernization will facilitate legal border crossing,” Minister Gabrielyan said, adding that European Bank for Reconstruction and Development (EBRD) will allocate euro 10,294 mln. with Neighborhood Investment Fund to allot euro 12 mln., the EU and UNDP to provide euro 3,318 mln. and 0,8 mln. respectively.

As Minister Gabrielyan further noted, European Investment Bank has named 4-25 years of maturity, 2 months - 7 year as repayment grace period, with each tranche to have separate floating interest rate.

 Top stories
20,149 optical-mechanical devices were manufactured in the reporting period against the 3,388 produced in the same period last year.
Yandex and Uber said they will join forces in the six countries to create a new company operating in some 127 cities.
“A more efficient and reliable energy distribution network is important for economic growth in Armenia”, - said Sonali Tang.
As the National Statistical Service reports, imports to Armenia totaled $803.7 million, registering a 17.9% increase year-on-yea
Partner news