VICE-PRESIDENT OF THE KFW BANK IMPRESSED WITH THE ECONOMIC PROGRESS OF ARMENIA

armradio.am
05.02.2008 15:12

RA Prime Minister Serge Sargsyan received the First Vice-President
of the KfW Bank Roland Ziller.

The Prime Minister appreciated the development of Armenian-German
relations, one of the important components of which is the cooperation
in the financial sphere. According to him, the cooperation with the
KfW during the past 10 years has shown that it is possible to reach
good results. Serge Sargsyan underlined that not only the volume of
sums invested is important, but also the choice of the spheres those
were invested in. According to him, a correct choice has been made:
the issues of the financial sphere, especially the mortgage market,
the fields of energy and water economy are in the focus of attention
of the state, and the programs in the above-mentioned fields initiated
by the Bank coincide with the programs implemented in Armenia.

Welcoming the initiative of founding the ProCredit Bank in Armenia,
Serge Sargsyan stressed the importance of the fact that the Bank’s
activity will be directed mainly at the development of small and
medium-sized business in Armenia.

Expressing gratitude to RA Prime Minister, the Central Bank of Armenia
and RA Ministry of Finance and Economy for the cooperation and support
in the creation of the ProCredit Bank, Roland Ziller noted that the
effective activity of the bank’s branches in different countries of
the world allows to hope that it will effectively work in Armenia, as
well. Noting that he is deeply impressed with the economic development
of Armenia over the past years, the First Vice-President of the KfW
Bank underlined that this trends of economic progress have provided
the opportunity to triple their investments into Armenian economy last
year. Mr. Ziller also attached importance to the implementation of
different programs in the earthquake zone, noting that the leadership
of the Bank has decided to focus the attention in this direction.

At the end of the meeting, Prime Minister Serge Sargsyan wished
success to the KfW Bank in its further activity in our country,
once again stressing the willingness of the Armenian Government to
maximally promote the cooperation.