EBRD: Improvement of business environment in Armenia can be an  incentive for deepening bilateral cooperation

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.