ArmInfo.Improving the business environment in Armenia can be an incentive for deepening cooperation between the Republic of Armenia and the European Bank for Reconstruction and Development (EBRD). This was stated during the meeting with Justice Minister Artak Zeynalyan by the head of the Armenian office of EBRD Dmitry Gvindadze.
As the press service of the agency reports, during the meeting Dmitry Gvindadze presented to the minister a number of programs in Armenia, in which the Bank is involved. In his turn Zeynalian highly appreciated the assistance rendered by the Bank in economic reforming, and expressed readiness in close cooperation.
According to the source, the parties discussed a number of issues of mutual interest, stressing that the new 5-year EBRD program could serve as a basis for deepening cooperation.
To recall, EBRD is an institutional investor in Armenia. Since the launch of the EBRD in Armenia, in particular since 1992, over 1.13 billion euros have been invested in the implementation of 157 programs in the financial, corporate, infrastructure, and energy sectors. Moreover, 88% of these investments were directed to the development of private entrepreneurship.
