RA Prime Minister Tigran Sargsyan received KPMG consulting company representatives, led by Russian Federation and CIS Countries Senior Partner Andrew Crenston

Tue sday, 27 January 2009

Mr. Crenston briefed the Prime Minister on the ongoing Armenia
activities and future plans of the Company. He mentioned that KPMG
has a broad network of advisory entities in the auditing and fiscal
consulting areas providing expertise and advice to customers, partners
and emerging markets. Noting that a local office was installed in
our country as early as in 1997, Mr.

Crenston assured that the extended network of its field offices has
all the resources necessary for providing high-quality services. He
appreciated Armenia’s more favorable business environment as compared
to other CIS countries which allows the Company to look at expending
and furthering its involvement in our country. Mr. Crenston further
advised that the Company currently employs over 100 local staff and is
not going to cut them off in spite of the global economic and financial
turmoil (for instance, the number of local staff in Georgia has not
gone beyond 30 over the past two years of overall activities). He said
to be optimistic about developing business in Armenia for the long run.

Prime Minister Tigran Sargsyan wished KPMG every success in their
future activities and assured of his government’s readiness to back
the C ompany within the scope of the government’s mandate.