EBRD TO INCREASE TOTAL COST OF PROGRAMS IN ARMENIA FROM 60 TO 120 MILLION EUROS IN TWO YEARS
Noyan Tapan
Dec 12 2006
YEREVAN, DECEMBER 12, NOYAN TAPAN. By late 2008, the European Bank
for Reconstruction and Developemnt (EBRD) will increase the total
cost of programs being implemented in Armenia from 60 mln euros
to 120 mln euros. Michael Weinstein, EBRD Armenia Office Director,
stated this during the December 12 press conference. Repsonding to
NT correspondent’s question, he said that the EBRD is operating in
various sectors of the Armenian economy (financial, agriculture and
food processing, renewable energy), whose number will soon increase
(tourism, services related to real estate and health care). According
to M. Weinstein, "the EBRD will opeate in Armenia until the country’s
private sector assumes its role." In his words, the major goal of
the bank is to assist with overcoming the transitional economic period.
From: Emil Lazarian | Ararat NewsPress
