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GERMANY - ARMENIA'S SECOND LARGEST DONOR AFTER US
25.05.2005 05:17
/PanARMENIAN.Net/ Germany has become Armenia's second largest donor after
the United States of America, German Ambassador Extraordinary and
Plenipotentiary to Armenia Dr. Heike Renate Peitsch stated in an interview
with PanARMENIAN.Net. In her words, thus far the German Government has
committed a total of about 169,5 million for the economic cooperation with
Armenia. She noted that since Armenian independence our both countries have
developed very friendly and intense relations in all relevant fields. The
main projects of the Technical Cooperation are such as promotion of Small
and Medium Enterprises as well as of Local Authorities. The German-Armenian
Financial Cooperation includes three main sectors: the energy sector, the
rehabilitation of communal infrastructure (water supply and waste water
systems) and the promotion of financial and private sector. As a result of
the bilateral negotiations in April 2005 in Bonn an amount of 27 million
has been allocated for the biannium 2005/2006. When responding to the
question referring to possible joint economic or tourism programs, the
Ambassador mentioned of some very promising German investments in Armenia.
`German companies are examining or preparing a stronger engagement in
Armenia. But let me stress the fact that it is the responsibility of the
Armenian government to create a friendly environment for foreign investments
e.g. by a transparent legal system', she added.
GERMANY - ARMENIA'S SECOND LARGEST DONOR AFTER US
25.05.2005 05:17
/PanARMENIAN.Net/ Germany has become Armenia's second largest donor after
the United States of America, German Ambassador Extraordinary and
Plenipotentiary to Armenia Dr. Heike Renate Peitsch stated in an interview
with PanARMENIAN.Net. In her words, thus far the German Government has
committed a total of about 169,5 million for the economic cooperation with
Armenia. She noted that since Armenian independence our both countries have
developed very friendly and intense relations in all relevant fields. The
main projects of the Technical Cooperation are such as promotion of Small
and Medium Enterprises as well as of Local Authorities. The German-Armenian
Financial Cooperation includes three main sectors: the energy sector, the
rehabilitation of communal infrastructure (water supply and waste water
systems) and the promotion of financial and private sector. As a result of
the bilateral negotiations in April 2005 in Bonn an amount of 27 million
has been allocated for the biannium 2005/2006. When responding to the
question referring to possible joint economic or tourism programs, the
Ambassador mentioned of some very promising German investments in Armenia.
`German companies are examining or preparing a stronger engagement in
Armenia. But let me stress the fact that it is the responsibility of the
Armenian government to create a friendly environment for foreign investments
e.g. by a transparent legal system', she added.