Yerevan highlights cooperation with EIB in economic development  programs

ArmInfo.  Armenian Deputy Prime Minister Mher Grigoryan received a delegation from the European Investment Bank (EIB) yesterday, led by Matteo Rivellini, Head of the  EIB Country Office.

According to the government's press service, projects implemented by  the EIB in Armenia were discussed during the meeting. In this  context, the Deputy Prime Minister expressed gratitude for the EIB's  participation in major infrastructure projects. The importance of  cooperation with the EIB in economic development projects,  particularly joint projects with the Armenian private sector, was  also emphasized.  This will facilitate the introduction of EU best  practices and business culture in the country.

The parties also touched upon the work being carried out within the  framework of the EU Economic and Investment Plan and the Crossroads  of the World Initiative. The parties also highlighted the agreements  reached during Mher Grigoryan's visit to Luxembourg in 2025 and the  progress made in this area.

It is worth noting that the European Investment Bank is a key partner  for Armenia, investing in major infrastructure projects and  supporting the private sector. Key areas include road modernization  (e.g., the Sisian-Kajaran highway), SME development, green economy,  and energy, with the total investment volume increasing significantly  in 2025, creating jobs and reducing foreign exchange risks for  businesses.  Specifically, the Bank allocated ?236 million for the  construction of the key 60-kilometer Sisian-Kajaran highway (part of  the North-South Corridor). The project includes 27 bridges and 8  tunnels, with completion scheduled for 2033. In December 2025, the  EIB and Ardshinbank launched a ?100 million program to support small  businesses. Credit lines of ?70 million have also been opened through  the Central Bank of Armenia to improve access to finance. The EIB has  provided ?50 million for the development of energy infrastructure.