Time in Yerevan: 11:07:36,   29 January

German KfW bank, Armenian cenbank sign €60,000,000 loan deals

German KfW bank, Armenian cenbank sign €60,000,000 loan deals

YEREVAN, DECEMBER 7, ARMENPRESS. The German KfW bank and the Armenian Central Bank have signed three new loan agreements worth 60 million euros.

The deal was signed in Vienna during a session of a board of the German-Armenian Fund (which functions with participation of KfW).

One of the deals, worth 20 million euros, relates to a new phase of an agricultural funding project. The other agreement, again worth 20 million euros, is for the launch of another phase of the “Development of Armenia’s Housing Funding Sustainable Market” project. The third agreement worth 20 million euros is for the implementation of another phase of the “Encouraging Renewable Energy” project, the cenbank said.

Edited and translated by Stepan Kocharyan


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