ArmInfo.The Eurasian Development Bank (EDB), the rating agency ACRA and the Ministry of Finance of the Republic of Armenia signed a Memorandum of Understanding establishing areas of cooperation between the parties in order to stimulate economic growth in the Republic of Armenia and the Russian Federation. This is stated  in the message of the EDB press center.

ArmInfo.On September 7, Minister of Finance of Armenia Tigran Khachatryan received Regional Director of the European Bank for Reconstruction and Development  (EBRD) for Caucasus, Moldova and Belarus Catarina Bjorlin Hansen and  Head of EBRD Yerevan Office Dmitry Gvintadze.

ArmInfo. The Eurasian Development Bank (EDB)  provided Ardshinbank with a credit line in the amount of $ 20 million  for a period of 3 years to provide financial support to the small and  medium-sized business sector of Armenia (SME). The corresponding  agreement was signed on September 7 by Nikolay Podguzov, Chairman of  the Management Board of the Eurasian Development Bank (EDB), and  Artak Ananyan, Chairman of the Management Board at Ardshinbank.

ArmInfo.On September 7, Governor at Central Bank of Armenia (CBA) Martin Galstyan received a delegation from the Eurasian Development Bank, headed by Chairman of the Management Board of the Eurasian Development Bank (EDB). the  press service of the RA Central Bank reports.

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ArmInfo. The World Bank (WB) sees the need to strengthen cooperation with the Ministry of Education, Science, Culture and Sports of Armenia. This was stated by  World Bank Regional Director for the South Caucasus Sebastian  Molineus, during a meeting with the Minister of Education, Science,  Culture and Sports of Armenia Vahram Dumanyan.

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ArmInfo. The volume of cargo transportation in Armenia in January-July 2021 accelerated the y-o-y growth to 15.5% (from 3.4% a year earlier), amounting to  8,946.2 thousand tons. Of these, 67.8% or 6,073.1 thousand tons are  accounted for by road transport with a y-o-y growth of 27.2%.

ArmInfo. Russia and China remain the main foreign trade partners of Armenia. According to the final data of the Statistical Committee of the Republic of Armenia,  the leadership in Armenia's foreign trade turnover is held by Russia  with a volume of $ 1.3 billion in January-July 2021, with the change  of the y-o-y dynamics from 3.3% decline to 18.4% growth.

ArmInfo.. The RA Ministry of Finance, the Eurasian Development Bank (EDB) and the Analytical Credit Rating Agency (ACRA) signed a tripartite Memorandum of  Understanding. The document was signed by RA Finance Minister Tigran  Khachatryan, EDB Management Board Chairman Nikolay Podguzov and ACRA  Agency General Director Mikhail Sukhov.

ArmInfo.Armenia's foreign trade turnover in January-July 2021 amounted to $ 4.3 billion, with an improvement in y-o-y dynamics to 15.1% growth (from an 11.3%  decline a year earlier).

ArmInfo. Revenue in the communications sector of Armenia in January-July 2021 in comparison with the same period of 2020,  grew by 5.1% (against 4.5% decline a  year earlier), amounting to 83.6 billion drams. This is evidenced by  the data of the RA Statistical Committee.

ArmInfo.The financial agreement between the RA and the German Development Bank KfW provides for the provision of loans in the amount of more than 110 million  euros.  On September 6, the Armenian government approved by a  "written vote" the proposal to sign an agreement "On financial  cooperation for 2020 between the government of the Republic of  Armenia and the government of the Federal Republic of Germany."

ArmInfo.Deputy Prime Minister of the Republic of Armenia Suren Papikyan met with the Regional Director of the European Bank for Reconstruction and  Development (EBRD) in the Caucasus, Moldova and Belarus Catarina  Bjorlin Hansen. The latter was accompanied by the head of the EBRD  Yerevan office Dmitri Gvindadze.

ArmInfo. Metallurgical industry of Armenia in January-July 2021 increased production volumes by 22.9% (against growth by 13.2% a year earlier). This is evidenced  by the data of the RA Statistical Committee.

ArmInfo.In January-July 2021, Armenia generated 4,454.1 million kWh.  electricity, which is higher than a year ago by 0.1% (against growth by 3.4% a year  earlier). According to the Statistical Committee of the Republic of  Armenia, in July alone, electricity generation increased by 23.5% -  up to 632.1 million kWh.

ArmInfo.In Armenia, the production of aluminum foil in January-July 2021 compared to the same period in 2020 decreased by 4% (against 13.1% growth a year earlier),  amounting to 19.688 thousand tons.  This is evidenced by the data of  the RA Statistical Committee.

ArmInfo. On September 6, Deputy Prime Minister of Armenia Suren Papikyan received the Chairman of the Management Board of the Eurasian Development Bank (EDB) Nikolay  Podguzov and the delegation lead by him.

ArmInfo.In Armenia, fees on travel insurance reached a significant 70% growth in the first half of 2021 (from a significant 46.4% decline a year earlier), reaching a  volume of 235.9 million drams ($ 475.8 thousand). Such growth,  associated with some activation of outbound tourism, allowed not only  to approach the volume of two years ago, but also to return the 1%  share of travel insurance in the total portfolio of premiums.

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