GERMAN-ARMENIAN CONSULTATION

Lragir/am
22 March 06

On March 21 a two-day consultation between the governments of Armenia
and Germany started. Minister of Finance and Economy of Armenia Vardan
Khachatryan and the envoy of the Ministry of Economic Cooperation and
Development Rolf Baldus conducted the meeting at which were present
the German Ambassador to Armenia Haike Renate Peitsch, representatives
of the Yerevan office of the European Bank for Reconstruction and
Development and the ministries of Armenia.

During the consultation the financial and technical programs
implemented in the sphere of energy, health care, environment,
infrastructures and hypothec market development were discussed.

The programs of cooperation between the Republic of Armenia and the
Federal Republic of Germany started in 1993. First mainly technical
programs were carried out, but since 1995 financial programs of
cooperation have been implemented. Since the negotiations between
the governments in 2001, regional programs have been implemented in
the framework of the Caucasian Initiative.

German-Armenian financial cooperation is centered in three main
spheres: energy, private capital, water supply and sewage. Besides,
grant projects of comparatively smaller scale are implemented in
health care and environment.

Besides bilateral programs, the regional programs of the Caucasian
Initiative have been launched, which involve financial and technical
cooperation in the three countries of the South Caucasus in the
spheres of energy and private business, management of tuberculosis,
as well as protection of biodiversities. In the framework of the
German-Armenian cooperation programs for development of hypothec
market are foreseen. Armenia has received about 185 million euros in
the framework of German-Armenian relations.

Ministry Of Economy And Finance.

From: Emil Lazarian | Ararat NewsPress