AZG Armenian Daily #132, 15/07/2006

Economic Cooperation

MICHAEL WEINSTEIN: IN 2006 EUROPEAN BANK FOR
RECONSTRUCTION AND DEVELOPMENT TO DOUBLE CREDIT
ALLOCATIONS FOR ARMENIA

In 2006, the European Bank for Reconstruction and
Development will allocate EURO 40 million of credit to
Armenia, against EURO 20 million allocated last year.

Michael Weinstein, Head of EBRD Office in Yerevan,
stated at today’s press conference.

He said that till now, excluding the $28 millions of
credit allocated for the renovation works of
"Zvartnots" airport, the bank has allocated additional
EURO 28 million for implementation of 9 new projects.

Earlier, ERBD had allocated 11 new projects in the
private sector of Armenia.

Armenia began cooperating with EBRD in 1992. As of
June 2006, the volume of the allocated credits made
EURO 102 million.

By Ara Martirosian

From: Emil Lazarian | Ararat NewsPress