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EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT AND "ELITE GROUP" COMPANY SIGN A MEDIUM-TERM LOAN AGREEMENT
ARMENPRESS
July 1, 2009
YEREVAN, JULY 1, ARMENPRESS: European Bank for Reconstruction and
Development (EBRD) and "Elite Group" company signed today an agreement
on medium-term loan in the Fresco hall of the Armenian National
Gallery. The document has been signed by the head of "Elite Group"
company Armen Mkoian and head of the Armenian office of EBRD Valeriu
Razlog. Armenian Prime Minister Tigran Sargsyan, EBRD regional director
Paul Henry Forstier, Armenian Finance Minister Tigran Davtian, head of
the Armenian Union of Manufacturers and Businessmen Arsen Ghazarian,
members of the Government and businessmen were present at the ceremony
of signing. With the agreement 5.5 million USD credit is provided
to the leader of the construction sphere in Armenia "Elite Group"
company as well as 130 000 euro of grant for the encouragement of
the innovations implemented in the energy saving sphere.
According to the Prime Minister Tigran Sargsyan, the signing of this
agreement has an important role it will assist to smoothen the results
of the financial-economic crisis.
The Prime Minister congratulated the present on the signing of the
agreement and expressed gratitude to P. Henry Forstier stressing
that in spite of the negative impact of the crisis and serious risks
discovered in different spheres including the construction he is sure
the credit means will assist the Armenian economy.
"I am glad to be in Armenia; this is the second time we are
implementing a credit project in Armenia and I hope it will become
a tradition. We are providing credit to the Armenian economy through
"Elite Group". It is pleasant for us to mention that the EBRD has spent
nearly 1 million Euro in the Armenian energy efficiency sphere. I hope
there will be other occasions for us to assist the Armenian economy,"
P Henry Forstier said.
ARMENPRESS
July 1, 2009
YEREVAN, JULY 1, ARMENPRESS: European Bank for Reconstruction and
Development (EBRD) and "Elite Group" company signed today an agreement
on medium-term loan in the Fresco hall of the Armenian National
Gallery. The document has been signed by the head of "Elite Group"
company Armen Mkoian and head of the Armenian office of EBRD Valeriu
Razlog. Armenian Prime Minister Tigran Sargsyan, EBRD regional director
Paul Henry Forstier, Armenian Finance Minister Tigran Davtian, head of
the Armenian Union of Manufacturers and Businessmen Arsen Ghazarian,
members of the Government and businessmen were present at the ceremony
of signing. With the agreement 5.5 million USD credit is provided
to the leader of the construction sphere in Armenia "Elite Group"
company as well as 130 000 euro of grant for the encouragement of
the innovations implemented in the energy saving sphere.
According to the Prime Minister Tigran Sargsyan, the signing of this
agreement has an important role it will assist to smoothen the results
of the financial-economic crisis.
The Prime Minister congratulated the present on the signing of the
agreement and expressed gratitude to P. Henry Forstier stressing
that in spite of the negative impact of the crisis and serious risks
discovered in different spheres including the construction he is sure
the credit means will assist the Armenian economy.
"I am glad to be in Armenia; this is the second time we are
implementing a credit project in Armenia and I hope it will become
a tradition. We are providing credit to the Armenian economy through
"Elite Group". It is pleasant for us to mention that the EBRD has spent
nearly 1 million Euro in the Armenian energy efficiency sphere. I hope
there will be other occasions for us to assist the Armenian economy,"
P Henry Forstier said.