European investment bank ready to start large-scale investment projects
in Armenia
YEREVAN, May 29. /ARKA/. The European Investment Bank is ready to start
large-scale investment projects in Armenia. This statement was made at
the meeting of Armenian Deputy Foreign Minister Arman Kirakosian with
the Vice-President of the European Investment Bank Eva Schreiber, the
Press Service of Armenian Foreign Ministry reported.
Schreiber introduced the first steps taken in the cooperation between
Armenia and the Bank after the signing of the agreement between the
Bank and Armenian Ministry of Finance.
Schreiber expressed hope that soon implementation of large-scale
investment projects will be possible in both public and private sectors
of Armenian economy. Among the priority fields mentioned were
transport, energy and ecology where large loans can be extended with
assistance of the Bank’s technical examination service.
Armenian Deputy Foreign Minister, in his turn, assured that Armenia is
interested in successful implementation of joint projects and stressed
importance to the Bank’s activities in the country.
European Investment Bank is an EU body founded in 1959 for support to
development, integration and cooperation through investment loans
extended at equal interest to ensure balanced loan management in terms
of debt repayment. -0–