EBRD plans to invest about $100,000,000 in Armenia in 2020

The European Bank for Reconstruction and Development (EBRD) plans to invest nearly 100,000,000 Euros in Armenia this year. This is what Head of the EBRD in Armenia Dimitri Gvindadze told reporters today, adding that this is an approximate number and that the real amounts may be up to 90,000,000 or 150-200,000,000.

“A lot depends on our opportunities in the financial sector and the real sectors of economy, as well as sustainable investments,” Gvindadze said.

According to the EBRD’s strategy on cooperation with Armenia, in addition to the conventional spheres such as finance and energy, the Bank will actively explore the opportunities for cooperation in the sectors of transport and infrastructures, tourism and real estate, trade and agriculture, as well as information and telecommunication technologies.