Armenia and the EIB

The EIB has worked with Armenia since 2010.

The EIB operates in the country in line with the European Neighbourhood Policy (ENP), the Eastern Partnership (EaP) and other EU bilateral agreements. In the last decade, the Bank has provided financing for a wide range of projects, from infrastructure and small businesses to water supply services and wastewater treatment.

We also fund cross-border connections to build safer and more sustainable roads. For example, the rehabilitation of the M6 interstate decreases traffic between Armenia and Georgia, improves road safety and promotes employment. Our transportation investments ensure easier access for passengers and faster connections for businesses.

The EIB also supports small businesses and promotes the development of the private sector, as well as creating and securing employment and income in rural areas. These operations, focused on agro-industry and sustainable tourism, are further enhanced by technical assistance.

In collaboration with the Municipality of Yerevan, the Bank is improving the energy efficiency of kindergartens and other buildings. The installation of renewable energy systems, earthquake reinforcement and disabled access infrastructure will provide jobs and help decrease CO2 emissions.

In response to the COVID-19 pandemic, the EIB is engaged in finding solutions for the EaP countries and working towards their economic recovery.

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.

European Commission Solidarity with Ukraine EU for Ukraine Partnerships Partners Eastern Partnership Technical Assistance Trust Fund (EPTATF) Mandates and partnerships Ecuador Ukraine Senegal Mozambique Armenia Serbia Moldova, Republic of Africa, Caribbean, Pacific countries + OCT Eastern Europe, Southern Caucasus Mediterranean countries America Carribean Sub Saharan Africa Enlargement Countries South Africa Asia and Latin America Urban development Research, innovation and technology Transport Development Migration Climate action and environment Energy Institutional SMEs Diversity and gender Water, wastewater management Health and life sciences
11 March 2024 Tamar Shiloh Vidon

Sweet smell of chocolate

Armenia’s small businesses get a boost, and EU lending finds new local banks to work as conduits as the country makes a geopolitical shift

Armenia Eastern Europe, Southern Caucasus SMEs
3 May 2023 Dawid A. Fusiek

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

Armenia Eastern Europe, Southern Caucasus Education and training Development Energy Diversity and gender
28 March 2023

Takeaways from the EIB Group Forum

Econ stories Armenia Eastern Europe, Southern Caucasus Climate action and environment Digital and telecoms
23 March 2023 Peter Koh

Fruitful cooperation

An EU loan improves access to finance for Armenia SMEs

Armenia Eastern Europe, Southern Caucasus Agriculture SMEs
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. Read more about our work in Armenia.

Climate Armenia Eastern Europe, Southern Caucasus Education and training Climate action and environment 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!

Belarus Azerbaijan Ukraine Georgia Armenia Moldova, Republic of Eastern Europe, Southern Caucasus Cybersecurity Climate action and environment Digital and telecoms Health and life sciences
8 August 2018 Chris Knight

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 Armenia Eastern Europe, Southern Caucasus Infrastructure Education and training Development Climate action and environment Energy Circular economy Health and life sciences
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 Europe, Southern Caucasus 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.

Armenia Eastern Europe, Southern Caucasus Transport Balanced regional development

Get EIB support in Armenia

We can provide you with various type of financing to implement projects that promote growth and jobs in your country. We support small businesses, innovation, climate and infrastructure. Get an overview here for the whole EIB Group product range