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| 18:10:18 | 14-04-2005 | Official |

EUROPEAN BANK IS INTERESTED IN ARMENIA

Today Robert Kocharyan received head of the Yerevan office of European Bank
of Development and Reconstruction Michael Veinstein.

The parties dicussed issues on prospects of the activities of the Armenian
branch of the Bank.

Michael Veinstein noted that at present the Bank more than ever is
interested in Armenia and has already developed a large package of projects
to be implemented here. The projects provide for a credit process, as well
as participation in projects related to mining and infrastructures.