news.am, Armenia
March 19 2010

EBRD to invest $150m in Armenia

16:47 / 03/19/2010European Bank for Reconstruction and Development
(EBRD) is ready to invest $150m in Armenia’s economy ` ditto as in
2009, EBRD President Thomas Mirow said at the press conference in
Yerevan.

He informed that total investments of EBRD in Armenia make about
$500m. Last year investments in Armenia’s economy were the highest ‘
$150m and we intend to endow same amount this year, Mirow added.

Referring to economic situation in Armenia, Mirow stated that the
republic should be given credit for having no financial risks in
economic system, thereby preventing aggravation of global crisis
consequences.

`I do not expect second wave of global crisis despite the serious
risks in the world market,’ EBRD President said.

According to him, the fact that Armenian President and Government
intend to uncover funds for economy diversification is understandable.
`In the course of the meeting, I told RA President about our readiness
to assist in this matter,’ he concluded.

A.G.