Wednesday, July 25 2018 20:18

ArmInfo.On July 25, Armenian President Armen Sakrissian received a delegation led by the Managing Director of the European Bank for Reconstruction and Development in the countries of Eastern Europe and the Caucasus, Francis Malizh.

As the press office of the president reports, Sarkissian noted that  the EBRD  takes an active part in the Armenian economy. The President  noted the great importance of the Bank's efforts in the development  of cooperation between the public and private sectors, small and  medium-sized businesses.

The President of Armenia and the EBRD delegation discussed the  partnership priorities, current programs, as well as new  opportunities for expanding cooperation in various fields

To note, since the beginning of EBRD activity in Armenia in 1992, to  date, the Bank has invested over 1.13 billion euros in the country's  economy, implementing 157 programs in the financial, corporate,  infrastructure, and energy sectors. Moreover, 88% of these  investments were directed to the development of private  entrepreneurship.