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Armenian-German Body Signs Statement On Financial, Energy Programmes

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  • Armenian-German Body Signs Statement On Financial, Energy Programmes

    ARMENIAN-GERMAN BODY SIGNS STATEMENT ON FINANCIAL, ENERGY PROGRAMMES

    Mediamax news agency
    22 Mar 06

    Yerevan, 22 March: A session of the Armenian-German intergovernmental
    commission on financial and technical cooperation ended in Yerevan
    today.

    The session resulted in the signing of a protocol envisaging the
    implementation of a number of programmes in the financial and energy
    sectors, Mediamax reports.

    Armenian Minister of Finance and Economy Vardan Khachatryan said today
    that during the two-day session, the sides discussed the implementation
    of programmes relating to, in particular, the establishment of a system
    of guaranteeing bank deposits, assistance to the development of small
    and medium-seized businesses, restoration of power substations Kamo
    and Vanadzor, etc.

    Rolf Baldus of the German Ministry of Economic Cooperation and
    Development, said that Germany is Armenia's second largest donor.

    Germany has provided 195m euros in aid to Armenia since 1993, 25m of
    which in 2005.

    From: Emil Lazarian | Ararat NewsPress
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