Heads Of European Banks Are Impressed

HEADS OF EUROPEAN BANKS ARE IMPRESSED

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| 12:59:56 | 14-10-2005 | Official |

Today RA Prime Minister Andranik Margaryan received the members of
the Directors’ Council of the European Bank for Reconstruction and
Development.

They congratulated the Government on the impressive economic indexes
of development for the last few years mentioning that the European
Bank intends to enlarge the number of its programs in Armenia and
enhance cooperation.

Andranik Margaryan highly appreciated the activity of EBRD in our
country underlining that it has improved its quality greatly. According
to the RA Government head, the work with the business community in
the private sector, and programs realized by EBRD in bank, power,
and security systems have had their direct effect on the development
of economy.

He found cooperation in these directions extremely important offering
to discussed possibilities of long-term and low-interest credits
in future.

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