The Eurasian Development Bank’s (EDB) investments in Armenia may total $500mln

“Energy and transport infrastructure are priority industries for us,” Chairman of the EDB Executive Board Igor Finogenov said in an interview with RBC daily.

“A memorandum of cooperation was signed with the Ministry of Energy and Natural Resources. Besides, a number of agreements were signed with local major companies, including ArmRosGazprom and South Caucasus Railways. Armbusinessbank was provided a $20-million credit, the funds to be spent to facilitate development of small and medium-sized businesses,” he said.