Armenian President meets EBRD delegation

Armenian President Serzh Sargsyan held a meeting with a delegation led by President of the European Bank for Reconstruction and Development (EBRD) Thomas Mirow on March 18.

The Armenian leader expressed his appreciation of the EBRD's activities in Armenia.

“Our cooperation with the bank for several years has afforded us an opportunity to win foreign investors’ confidence in our economy. Armenia is ready to continue and develop mutually advantageous cooperation,” President Sargsyan said.

The EBRD President, for his part, pointed out that the EBRD’s activities are aimed at modernizing the Armenian economy, focused on the private sector and SMB development.

He reported that the EBRD has invested a total of U.S. $500m in Armenia.

Last year, the investments increased sharply because of the financial crisis.

The EBRD President stated that the Armenian financial system was able to prove its stability in the critical situation.

The sides also discussed Armenia’s priorities, as well as the current and future joint programs.

Thomas Mirow stressed that the EBRD is ready for further cooperation in supporting small-to-medium businesses (SMB) and improving infrastructures.

Among the fields of cooperation are the banking and financing, energy and infrastructure development.


/News.am/