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KfW has provided Armenia with 220mln EUR

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  • KfW has provided Armenia with 220mln EUR

    KfW has provided Armenia with 220mln EUR

    2008-11-08 15:36:00


    ArmInfo. KfW has provided Armenia with 220mln EUR through different
    credit programs so far, says the head of the KfW Office in Yerevan
    Karapet Gevorgyan.

    The money has been spent on energy, water supply, SME development,
    mortgage crediting. "We hope that after the Armenian-German
    inter-governmental talks in 2009 the growth in KfW's crediting in
    Armenia will continue," says Gevorgyan.

    To note, KfW (Germany) has provided Armenia with financial support
    since 1995. The office of the bank was opened in Oct 1998.

    From: Emil Lazarian | Ararat NewsPress
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