ArmInfo.Deputy Minister of Economy of Armenia Varos Simonyan received the head of the Yerevan office of the European Bank for Reconstruction and Development (EBRD) Dmitry Gvindadze.
As the press service of the Ministry of Economy of the Republic of Armenia reports, during the meeting the parties discussed a number of issues related to the organization of the Armenia-EU Investment Forum this autumn.
Dmitry Gvindadze expressed his willingness to contribute to the development of program and industry ideas in the field of production, information and communication technologies, services, agriculture, tourism, which are included in the scope of the EBRD.
He said that the European Bank for Reconstruction and Development will ensure a high level of participation in the Armenia-EU investment conference.
During the meeting, the parties emphasized the importance of organizing further meetings and discussions between the EBRD and the Ministry of Economy to prepare an investment forum. Recall that the Armenia-European Union investment forum will be held in Luxembourg this autumn. It should also be noted that in the spring of 2021 the annual EBRD meeting. Earlier, the head of the Armenian office of EBRD Dmitry Gvindadze reported that in 2020 the European Bank for Reconstruction and Development (EBRD) will try to implement about 15 projects in Armenia, the total whose value will be at least 100 million euros. This year, the Bank will also focus on the private sector, however, according to him, cooperation with the state is also envisaged. In particular, the Bank plans to expand its activities in the energy sector, in view of the interest of the Government of the Republic of Armenia in implementing energy-saving projects. At the same time, together with the EU, it is planned to implement programs aimed at developing the transport sector and urban infrastructure. "For the implementation of the programs, we are negotiating with the Deputy Prime Minister of Armenia, who oversees the issues of cooperation between Armenia and the EBRD, as well as with the Ministry of Finance, exploring other possibilities," Gvindadze noted.
Armenia has been a member of the EBRD since 1992. The total investment of the Bank in the economy of the RA reached 1.4 billion euros. 90% of the Bank's portfolio in Armenia is in the private sector.
