// 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
Mount Maymekh will become a skiing zone under a new project which will attract about $30 million in investments and create some 1600 jobs.
Armenia would become a rock-bottom option in the Eastern European region, maybe in the world, for citizenship through investment.
Cryptocurrency fever seems to have spread to the former Soviet republics with Armenia, the land of Mount Ararat, being one of them.
Armenia’s exports grew 25% in 2017 against 2016 to amount $2,242 billion overall, the National Statistical Service reveals.
Partner news