Baku 23° 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
00:01
Azerbaijan celebrates 151st anniversary of national press
Media23:46
NASA's nuclear-powered Mars spacecraft to cost over $2B
Other countries23:24
Guyana ferry death toll rises to 41 as more bodies are recovered
Other countries23:06
Russian drone strike on civilian car kills two women in Ukraine's Kharkiv region
Other countries22:41
Three patients die of hantavirus in Venezuela
Other countries22:16
US, Jordan reach agreement on reciprocal trade
Other countries22:01
Iran protests actions of French diplomats in Tehran
Region21:27
Photo
President Ilham Aliyev and Federal Chancellor Friedrich Merz made press statements - UPDATED
Foreign policy21:11