Armenia and the EIB

Our financing in Armenia is aligned with the European Neighbourhood Policy (ENP), the Eastern Partnership (EaP) and other EU bilateral agreements. Our operations are guided by the European Union’s Global Gateway strategy and the EU Economic and Investment Plan for Eastern Partnership.

In Armenia, we have focused on:

Transport

We are improving connectivity and road safety through the rehabilitation of Yerevan metro and cross-border connection with Georgia to build safer and more sustainable roads. Our support for the North-South Road Corridor— including the construction of the Sisian-Kajaran section — is enhancing connectivity between the European Union, Middle East and Asia.

Our transportation investments ensure easier access for passengers and faster connections for businesses.

Climate and Energy

In collaboration with the Municipality of Yerevan, we are improving the energy efficiency of kindergartens and healthcare institutions. The installation of renewable energy systems and earthquake reinforcement help decrease CO2 emissions and create jobs.

We also support the regional integration of energy systems in the South Caucasus by connecting the Armenian and the Georgian power grids.

In addition, we are improving drinking water supply in Yerevan and other secondary cities.

Private Sector Development

We help boost private sector growth and job creation by improving access to finance for micro, small, and medium-sized enterprises (MSMEs).

Through partnerships with the Central Bank of Armenia and private commercial banks, we ensure that funding reaches a broad spectrum of businesses, enabling them to expand operations, invest in innovative technologies, and strengthen their resilience in a dynamic economic environment.

At a glance

The EIB provides finance and expertise for sound and sustainable investment projects in Armenia.

EIB activity in Armenia by sector

(since start of operations)

EIB stories in Armenia

Individual stories speak far louder than figures and charts. Discover how our work improves the quality of life in Armenia and beyond

14 May 2024

EIB Global Donor Partnerships

Launch the video and embark on a journey to our projects around the world, guided by our Donor-funded trust funds. By joining forces, we achieve impact. EIB Global cares for people and the planet thanks to its Donor partnerships.

EU-Africa Infrastructure Trust Fund Urban development Institutional European Commission SMEs Solidarity with Ukraine Transport EU for Ukraine Health and life sciences Partnerships Partners Water, wastewater management Diversity and gender Migration Eastern Partnership Technical Assistance Trust Fund (EPTATF) Mandates and partnerships Ecuador Ukraine Senegal Mozambique Armenia Serbia Moldova Eastern Neighbourhood Latin America and the Caribbean Sub-Saharan Africa EU enlargement countries Western Balkans Digitalisation and technological innovation Global development Climate and environment Social infrastructure Energy
11 March 2024

Sweet smell of chocolate

After a decade of lending to small and medium-sized firms in Armenia through the central bank, the EIB begins offering credit lines directly to local banks

SMEs Armenia Eastern Neighbourhood
3 May 2023

A better future

Yerevan schools are dilapidated, but a big renovation grant from European donors for 150 Armenia kindergartens will make them more energy efficient—and safer for the children

Diversity and gender Education and training Armenia Eastern Neighbourhood Global development Social infrastructure Energy
28 March 2023

Takeaways from the EIB Group Forum

An unchecked selective summary of the event that reviews the key takeaways with a focus on economic policy.

Digital and telecoms Econ stories Armenia Eastern Neighbourhood Digitalisation and technological innovation Climate and environment
23 March 2023

Fruitful cooperation

SMEs in Armenia, like Green Farmer, are benefiting from an EU-backed loan facility that helps improve access to finance.

SMEs Armenia Eastern Neighbourhood Agriculture and bioeconomy
13 June 2022

Yerevan mothers: Julieta's story

Julieta’s daughter, Lily, is one of the lucky attendees of Kindergarten 36 in Yerevan, which has been newly renovated. More functional, energy efficient and secure against earthquakes, Kindergarten 36 is the first of 15 kindergartens that the municipality is planning to modernise in the coming years. The project receives support from the EIB, the Eastern Europe Energy Efficiency and Environment Partnership Fund (E5P), as well as the Green Climate Fund via UNDP Armenia.

Climate Education and training Armenia Eastern Neighbourhood Climate and environment Social infrastructure Energy
18 June 2020

Working together to reinforce resilience in the Eastern Partnership countries

In the face of COVID-19, the EIB Group together with its European Union partners is strengthening its support in areas like healthcare, digitalisation, SMEs and climate action in the 6 countries of the Eastern Partnership (Armenia, Azerbaijan, Belarus, Georgia, the Republic of Moldova and Ukraine). The EU is reinforcing resilience with an Eastern Partnership that delivers for all!

Cybersecurity Health and life sciences Digital and telecoms Belarus Azerbaijan Ukraine Georgia Armenia Moldova Eastern Neighbourhood EU enlargement countries Digitalisation and technological innovation Security and defence Climate and environment Social infrastructure
8 August 2018

Safer Armenia kindergartens with EU energy efficiency grant

Yerevan schools are dilapidated, but a big renovation grant from European donors for 150 Armenia kindergartens will make them more energy efficient—and safer for the children

Infrastructure Education and training Circular economy Health and life sciences Armenia Eastern Neighbourhood Infrastructure Education and training Global development Climate and environment Energy Circular economy
12 June 2018

Yerevan Energy Efficiency

147 Kindergartens in Yerevan – Armenia – will benefit from energy efficiency and resilience to earthquakes improvements by 2020, thanks to EU support. “The EU bank, together with its partners, is making a real difference for the people of Armenia. We encourage projects like this one that help to improve the environment and therefore also the quality of life. The 147 Yerevan kindergartens will show the way on energy efficiency and savings because the cheapest energy is the one we avoid generating”, declared EIB Vice-President Vazil Hudák.

Energy efficiency Armenia Eastern Neighbourhood Energy
15 March 2018

Across the border: Connecting Armenia and Georgia

With the financial support of the European Union and the European Investment Bank, Armenia’s three border crossing points with Georgia were upgraded and modernised, ensuring simplified procedures and reduced waiting times for travellers and secure movement of goods across borders. Improving Armenia’s connectivity to the region and the rest of the world can contribute significantly to increased trade and transit, tourism, and foreign direct investment – all supportive of Armenia’s national priorities.

Transport Armenia Eastern Neighbourhood Social infrastructure Social and territorial cohesion

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