POLITICAL PROBLEMS MADE ARMENIAN COMPANIES MORE FLEXIBLE

Lragir.am
28 March 06

Michael Davy, the regional director of the European Bank for
Reconstruction and Development in Armenia, Azerbaijan, Georgia,
Belarus and Moldavia announced in Yerevan on March 28 that the EBRD
granted a loan of 20 million euros to four Armenian banks.

According to Michael Davy, the funding involves a rather wide range
of spheres: pharmaceutics, energy, insurance, etc. At the same time,
the EBRD representative pointed out the importance of diversity of
activities of Armenian companies and the search for new international
partners, informs the news agency ARKA.

Michael Davy said the Armenian companies have become more flexible
due to the political problems that the Armenian economy is facing.