EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT AND `ELITE GROUP’
COMPANY SIGN A MEDIUM-TERM LOAN AGREEMENT
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.
From: Emil Lazarian | Ararat NewsPress
