RA PRIME MINISTER TIGRAN SARGSYAN RECEIVED AMBASSADOR EXTRAORDINARY AND PLENIPOTENTIARY OF THE FEDERAL REPUBLIC OF GERMANY TO THE REPUBLIC OF ARMENIA ANDREA VICTORINI

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Friday, 28th of November, 2008

RA Prime Minister Tigran Sargsyan received Ambassador Extraordinary and
Plenipotentiary of the Federal Republic of Germany to the Republic
of Armenia Andrea Victorini and coordinator of German Technical
Cooperation Association’s "South Caucasian Private Business Stimulation
Program" Frank Tibitanzel.

Appreciative of the Armenian-German cooperation, the Prime Minister
noted with satisfaction that the FRG is the second largest investor
in Armenia behind the United States. In this context, both sides
highlighted the programs carried out by the GTZ in our country. The
parties have discussed such government priorities and relevant
proposals as should be taken account of while developing future
cooperation programs. The guests imparted their intention to open
a local office of German Technical Cooperation Association’s "South
Caucasian Private Business Stimulation Program."

Frank Tibitanzel spoke of the importance of new programs aimed at
boosting the operations of private companies, among which he mentioned
"South Caucasian Private Business Stimulation Program." With a view to
starting cooperating under the above-said program, the German side has
had several contacts with the representatives of public and private
sectors in Armenia in order to outline the cooperation areas. Export
stimulation, enhanced food security, community strengthening and the
removal of trade barriers were underscored by the guests.

Highlighting the above-stated principles, the Prime Minister said that
priority is given to such programs as may be conducive to economic
growth in the country. Tigran Sargsyan said that currently this issue
is important not only to Armenia, but also to the global economics,
as a whole. According to the Prime Minister, any investment program
should be viewed from this very standpoint in 2009.