Ameriabank and the OPEC Fund for International Development (The OPEC Fund) have signed a $50-million loan agreement. The agreement was signed during OPEC Fund Development Forum 2026 in Vienna, which also marked the 50th anniversary of the institution. The raised funds will be used for financing of small and medium enterprises (SMEs) in Armenia, enabling…
Armenia’s agricultural exports now reach a broad range of markets, from Iraq and the United Arab Emirates (U.A.E.) to Poland, Turkey, the Czech Republic, Ukraine, Central Asia, and Western countries, Economy Minister Gevorg Papoyan has said during the government meeting. “We should also acknowledge that the worst-case scenarios we initially anticipated have not materialized. In…
Armenian Deputy Foreign Minister Vahan Kostanyan met in Brussels with Gert Jan Koopman, Director-General for Enlargement and the Eastern Neighbourhood at the European Commission, to discuss cooperation aimed at strengthening Armenia’s economic resilience and identifying new markets. The parties reviewed agreed programs designed to enhance economic and transport connectivity, as well as other topics related…
The first symbolic shipment of Armenian apricots has arrived in the European Union, EU Commissioner for Enlargement Marta Kos wrote on X, commenting on her meeting with Armenian Minister of Territorial Administration and Infrastructure David Khudatyan. “Thank you to Armenia’s Minister of Territorial Administration and Infrastructure David Khudatyan for the gift and for a very…
The European Commission has allocated EUR 34 million to Armenia to reduce the impact of trade restrictions imposed by Russia on the country’s private sector, according to a statement issued by the Commission. The statement noted that just two weeks after a phone conversation between European Commission President Ursula von der Leyen and Prime Minister…
Armenia is currently experiencing strong economic growth alongside inflation that remains elevated but not excessively high, Deputy Governor of the Central Bank of Armenia Armen Nurbekyan has said during a parliamentary session. Lawmakers are discussing the Central Bank’s annual report on its activities. According to Nurbekyan, the most significant uncertainties for Armenia’s macroeconomic outlook in…
The value of goods exported from Azerbaijan to Armenia during January-May totaled approximately $11.2 million, according to Azerbaijan’s State Customs Committee. In May alone, exports from Azerbaijan to Armenia amounted to $1.6 million. During the same period, Armenia indirectly exported goods worth $960 to Azerbaijan. According to the data, no exports from Armenia to Azerbaijan…