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| 14:33:08 | 06-06-2005 | Economy |

DONORS LIKE THOSE WHO ARE DEVOTED

Will the involvement of the Trans Caucasian countries in the EU «New
Neighbors Program» contribute to their membership in the structure or vice
versa? The question sounded during the 7th annual meeting of the heads of
the Commerce and Development Black Sea Bank, but there was no answer.

«We have been interested in the region for the last 14 years», said
representative of the European Committee Andreas Papadopoulos. By the way,
high-ranked officials of Black Sea region countries, as well as
international financial structures take part in the two-day events.
Papadopoulos represented those financial profits anticipated from the
program for the Trans Caucasian countries.

«Free commerce, access to the European market, free transportation of
capital and work power, sensible macro economical policy», he enumerated.
And what does the EU expect in return? «Devotion to the program», the EU
representative informed.

RA Finance and economy Minister Vardan Khachatryan informed the
representatives of 11 countries and different international organizations
that Armenia holds a policy of open doors. A report full of numbers was
represented about the economical growth in the country for the last 4 years.

«We have a steady macro economical growth, rapidly developing economy,
legislation contributing to investments, and working power», enumerated Mr.
Khachatryan. The latter also found important the regional cooperation and
the opening of the border with Turkey.

The representatives of Turkey also participated in the meeting.