ARMENIAN PRESIDENT RECEIVES MEMBER OF GERMAN KfW BANK COUNCIL

ArmenPress
June 9 2004

YEREVAN, JUNE 9, ARMENPRESS: The president of Armenia Robert Kocharian
received today the delegation of Kredietenschaft fur Wiederaufbau
(KfW) bank, headed by member of KfW council Ingrid Matheus Mayer,
which arrived in Armenia within a regional visit.

The presidential press office reported that Robert Kocharian stated
with satisfaction that the program carried out in cooperation with KfW
are the most successful ones from the point of their effectiveness. He
particularly outlined the cooperation in the sphere of energy and
banking system.

According to Mrs. Mayer, the cooperation in various spheres is on
the excellent level. She said that KfW pays serious attention to the
development of small and medium business. In this regard she outlined
the importance of the German-Armenian fund’s activity. She said the
cooperation in the spheres of energy will be continued. In her words,
there is a certain interest towards the water system.