Armenia takes $256M loan for major road project: THIS WEEK IN BUSINESS

  • The European Bank for Reconstruction and Development agreed to loan Armenia more than $256 million for a major road project in the country’s southernmost Syunik region.
  • Stock prices of the Bank of Georgia Group, the company that owns Ameriabank, one of Armenia’s biggest lenders, plunged as markets reacted to the Georgian government’s move to push forward with controversial legislation that may derail that country’s efforts to join the European Union.

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