EBRD TO CONTINUE ASSISTING ARMENIA WITH SME DEVELOPMENT AND IMPROVEMENT OF INFRASTRUCTURE QUALITY
Noyan Tapan
March 18, 2010
YEREVAN, MARCH 18, NOYAN TAPAN. Receiving the President of the European
Bank for Reconstruction and Development (EBRD) Thomas Mirow on March
18, Armenian President Serzh Sargsyan expressed a high opinion about
the activities of EBRD in Armenia and its investments in the economy,
noting that thanks to it, Armenia succeeded in dealing with development
problems. "Owing to our cooperation with EBRD, foreign investors now
have some confidence in our country and economy.
Armenia is prepared to continue and expand cooperation," S. Sargsyan
stated.
T. Mirow said EBRD aims to update the Armenian economy, and their
bank puts emphasis on development of the private sector and small and
medium business. The EBRD has invested about 0 million in Armenia,
while last year the amount of its investments sharply grew due to the
global financial and economic crisis. EBRD President underlined that
Armenia’s financial system managed to withstand these difficulties
and proved its strength and endurance.
The press service of the Armenian president reports that S. Sargsyan
and T. Mirow spoke about economic priorities of Armenia, and the
current and future joint projects. T. Mirow said EBRD is ready to
continue joint work and assist Armenia with SME development and
improvement of infrastructure quality. The sides pointed out the
financial sector, the banking system, energy, and infrastructure
development as the possible directions of cooperation.