AZG Armenian Daily #067, 15/04/2005

Press release

EBRD REPRESENTATIVE IN YEREVAN

President Robert Kocharian received yesterday Michael Veinstein, head of the
Eastern Office of the European Bank of Reconstruction and Development.

They discussed issues concerning perspectives of the Bank’s activities in
Armenia.

Michael Veinstein said that the Bank is interested in Armenia more than ever
and has already prepared a package of programs to be implemented here. The
Bank envisages to start crediting enterprises and to participate in projects
concerning mining industry and infrastructures.

President Robert Kocharian noted that the Armenian side is interested to see
the Bank more active, as its projects go hand in hand with the economic
policy of Armenia.