EBRD, EU back new customs and logistics centre for Armenian capital
Armenia, Sept. 19 -- The European Bank for Reconstruction and Development (EBRD) is financing a new customs and logistics centre on the outskirts of Yerevan, Armenia, with a €39 million sovereign loan, complemented by a €6 million grant from the European Union (EU).The new facility will replace several fragmented customs sites across the capital, improving service quality and reducing the time required for clearance. The high-quality scanning and inspection equipment will significantly enhance the efficiency of the clearance processes and accelerate them by bringing into motion a 'single window' principle for customs operations. The facility will strengthen regional connectivity and support trade, contributing to the country's b...
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