EIB projects in Armenia discussed at finance ministry

Armenia’s Deputy Minister of Finance, Edgar Mkrtchyan, met with Stella Renita, Head of the European Investment Bank’s Regional Representation for the South Caucasus.

The Deputy Minister congratulated Ms. Renita on her appointment as Head of the European Investment Bank’s South Caucasus Regional Representation, expressing confidence that the effective cooperation established between the parties will continue to strengthen and contribute to the further development of bilateral relations, the finance ministry said in a press release.

The parties discussed the progress of several projects implemented with the support of the European Investment Bank (EIB) and the next steps aimed at ensuring their effective implementation, including the “Resilient Syunik” initiative, the restoration of the Yerevan Metro, and road improvement projects. Special emphasis was also placed on the regional importance of co-financing the “Caucasus Transmission Network” project and expanding further cooperation.

The current agenda of public financial management, including issues related to the draft 2026 budget and the medium-term expenditure framework were discussed. 

At the conclusion, the parties reaffirmed their readiness to strengthen their partnership and ensure the successful implementation of joint projects and initiatives.