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EDB Opens Permanent Representation In Armenia

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  • EDB Opens Permanent Representation In Armenia

    EDB OPENS PERMANENT REPRESENTATION IN ARMENIA
    Hasmik Dilanyan

    "Radiolur"
    27.04.2010 18:23

    Eurasian Development Bank (EDB) opened its permanent representative
    office in Armenia today. The EDB and the Armenian government signed
    an agreement on the terms of the bank's presence on the territory of
    the republic.

    "We had long been preparing for the signing of the agreement and
    discussing the terms of the bank's presence in detail and we hope for
    active functioning of EDB in Armenia," Prime Minister Tigran Sargsyan
    stated at the event.

    The Prime Minister stressed that a number of projects had already
    been submitted to consideration of EDB. Large volume of investments is
    necessary to realize those projects. "The projects are of regional and
    integration nature within the framework of CIS and concern spheres,
    like chemistry, energy, processing of primary crude ore, and are
    estimated at $100mln each," Tigran Sargsyan said.
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