Eurasian Development Bank to provide $10 million loan to Zangezur Copper-Molybdenum Combine

The Zangezur Copper-Molybdenum Combine will receive a $10 million loan from the Eurasian Development Bank (EDB), Tigran Sargsyan, Vice Chairman of the EDB Management Board, reports.

According to him, the Bank’s Board of Directors approved the loan for the digitalization of business processes at the Zangezur Copper-Molybdenum Combine.

“There was a major credit project, and we will allocate $10 million to the Zangezur Combine for the digitalization of internal processes, which will enhance the efficiency of production management,” he noted.

Sargsyan also stated that Armenia may receive a grant to participate in the project for developing the international artificial intelligence platform AI SuperCloud.