ArmenPress
Aug 13 2004

EBRD DENIES COOPERATION WITH NAGORNO KARABAKH

BAKU, AUGUST 13, ARMENPRESS: European Bank of Reconstruction and
Development (EBRD) has refuted Azeri media reports saying that EBRD
is funding business operations in Nagorno Karabakh. The bank sources
told Turan that the organization has not financed any operation in
the region. It was noted that EBRD provided 3 mln dollar to Armenian
Copper Factory in 2002 the director of which, Valeri Mejlumian, also
owns a company in Nagorno Karabakh. However, the bank sources assure
Turan agency that EBRD funds have not been directed to Nagorno
Karabakh.