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Euro investment bank ready to start large-scale projects in Armenia

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  • Euro investment bank ready to start large-scale projects in Armenia

    European investment bank ready to start large-scale investment projects
    in Armenia

    YEREVAN, May 29. /ARKA/. The European Investment Bank is ready to start
    large-scale investment projects in Armenia. This statement was made at
    the meeting of Armenian Deputy Foreign Minister Arman Kirakosian with
    the Vice-President of the European Investment Bank Eva Schreiber, the
    Press Service of Armenian Foreign Ministry reported.

    Schreiber introduced the first steps taken in the cooperation between
    Armenia and the Bank after the signing of the agreement between the
    Bank and Armenian Ministry of Finance.

    Schreiber expressed hope that soon implementation of large-scale
    investment projects will be possible in both public and private sectors
    of Armenian economy. Among the priority fields mentioned were
    transport, energy and ecology where large loans can be extended with
    assistance of the Bank's technical examination service.

    Armenian Deputy Foreign Minister, in his turn, assured that Armenia is
    interested in successful implementation of joint projects and stressed
    importance to the Bank's activities in the country.

    European Investment Bank is an EU body founded in 1959 for support to
    development, integration and cooperation through investment loans
    extended at equal interest to ensure balanced loan management in terms
    of debt repayment. -0--
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