ArmInfo. CEO of <Business Armenia> Foundation Armen Avak Avakian and former head of relations with donors of the foundation Aram Udumyan participated in a number of events within the <Emerging Europe> at the headquarters of European Bank for Reconstruction and Development (EBRD).
As the press service of the Business Armenia informs Armen Avak Avakian and Arman Udumyan held a number of meetings, during which they discussed programs on cooperation. Armenia's investment program, the new government's program and the experience of Business Armenia Foundation were presented.
The European Bank for Reconstruction and Development (EBRD) was established to help build a new, post-Cold War era in Central and Eastern Europe. The EBRD is committed to furthering progress towards 'market-oriented economies and the promotion of private and entrepreneurial initiative'. To recall, the EBRD is an institutional investor in Armenia. Since the launch of activities of the EBRD in Armenia, in particular since 1992, over 1.13 billion euros have been invested to implement 157 programs in the financial, corporate, infrastructure, and energy sectors. Moreover, 88% of these investments were directed to the development of private entrepreneurship.
