Armenia’s premier, newly-appointed ebrd yerevan office head discuss
cooperation prospects

YEREVAN, March 11. /ARKA/. Armenia’s Prime Minster Tigran Sargsyan met
today with newly-appointed Head of the EBRD Yerevan Office Valery
Razlogov to discuss prospects for cooperation, the RA Government’s
press service reports.

EBRD Director for the South Caucasus Michael Davey and Michael
Weinstein, former head of the EBRD Yerevan Office, were also present at
the meeting.

The focus of the discussions was further cooperation between Armenia
and EBRD.

Touching upon Armenia’s effective collaboration with the bank, Sargsyan
stressed the importance of the joint efforts to boost small and
medium-scale businesses, as well as Armenia’s private sector and
infrastructures amid the global recession.

Congratulating Razlogov on his new appointment, the Armenian premier
expressed a hope he would contribute to Armenia-EBRD cooperation.

Sargsyan also thanked Weinstein for his great contribution to
Armenia-EBRD partnership.

Armenia joined the European Bank for Reconstruction and Development on
December 7, 1992 with ?¬10mln equity participation. EBRD has invested
?¬202mln for 52 programs in Armenia.

In 2009, the bank plans to assign ?¬80mln for Armenia (compared to
?¬63mln in 2008).

This year, the bank plans to allocate ?¬7bln for its partners around the
world, exceeding the planned ?¬5.5bln.=2
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