AZG Armenian Daily #086, 07/05/2008

Armenia-Diaspora

RA PRESIDENT RECEIVED HSBC BANK BOARD OF DIRECTORS

President Serge Sargsian received Diaspora businessman
and philanthropist Vache Manukian and member of HSBC
Bank Board of Directors David Badd on May 5.

Issues of expansion of investment environment in
Armenia and complete usage of Diaspora potential were
discussed during the meeting.

The sides mentioned that Armenia has a big potential
which right usage may greatly promote the development
of the economy including growth in tourism volumes.

The issue of expansion of HSBC bank activity was
discussed also during the meeting.

Translated by L.H.