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.
