R. ZILLER: FRG TRUSTS THE ARMENIAN REPUBLIC

Aysor
May 3 2010
Armenia

"The year 2010 is special for the Armenian – German cooperation
in general. The Federal Republic of Germany will finance so many
programs in the sphere of Armenian infrastructure that can never be
found in the whole history of Armenian – German cooperation. That
means that the Federal Republic of Germany continues trusting the
Armenian government, during this crisis period in particular," said
the first vice president of the German KfW bank Roland Ziller.

He informed that around 120mln euros in credit will be given. 20mln
from that sum has been given to the hypothec market, 18mln to the
rehabilitating energy, tomorrow will be signed an agreement on giving
30mln euros to the Gyumri and Vanadzor water supply systems’ programs.

"Armenia has suffered a lot form the world financial economic crisis.

During the crisis Armenia has led a clear policy which has been
noticed by the international organizations," R.Ziller said.