ARMENIAN PRESIDENT RECEIVES FIRST DEPUTY HEAD OF EBRD

ARMENPRESS
Oct 29 2007

YEREVAN, OCTOBER 29, ARMENPRESS: Armenian President Robert
Kocharian received today first deputy head of the European Bank for
Reconstruction and Development (EBRD) Varel Frimen.

Presidential press service told Armenpress that during the meeting the
sides discussed current programs of cooperation, referred to the future
programs and to the issues relating to the Armenia’s banking system.

Robert Kocharian noted that cooperation with the EBRD is very effective
and it gives new opportunities for expanding the field of partnership.

Varel Frimen said that Armenia’s dynamically developing banking system
and the reforms of the financial sector are good prerequisites for
implementation of new and expanded projects.

The sides also spoke about the development of insurance market
in Armenia.