Baku 6° C
Armenia secures €50 million from EIB for Syunik development
Region
- 11 September, 2025
- 11:42
The Armenian government approved on Thursday a loan agreement with the European Investment Bank (EIB) for €50 million to support the development of the Syunik region.
Report informs via Armenian media that the funds will be allocated to improve water supply infrastructure, healthcare, and education in local communities. Energy efficiency projects are also planned in the same areas.
The loan will be provided for a term of up to 20 years, and the project is expected to be implemented over a five-year period.
Author
Latest News
16:23
Azerbaijan imports 84 tons of cloves worth $667,000
Business16:06
Ukrainian delegation arrives in US for peace agreement talks
Other countries15:38
Orban accuses Brussels of funding Ukraine war with 'European taxpayer money'
Other countries15:11
Syrian army takes control of Dibsi Afnan in Raqqa province
Region14:57
Czech president, Ukrainian minister mull housing restoration, energy resilience
Other countries14:41
Media accreditation opens for 13th World Urban Forum in Baku
Infrastructure14:19
Azerbaijan restores turmeric imports from Pakistan
Business13:53
Azerbaijan plays key role in strengthening unity of Turkic world
Foreign policy13:25