Your trusted source

Armenian President Serzh Sargsyan received the delegation headed by Thomas Mirow, President of the European Bank for Reconstruction and Development (EBRD), President's press office reported.

President Sargsyan highly assessed the EBRD activity in our country, the investments in Armenian economy, noting that thanks to them, Armenia has managed to solve issues of development.

“The cooperation with the Bank has provided an opportunity to shape certain trust in our country and economy among foreign investors. Armenia is ready to continue expanding the cooperation,” Serzh Sargsyan said.

Thomas Mirow said the activity of the European Bank for Reconstruction and Development is aimed at the modernization of the Armenian economy, and the EBRD puts the main emphasis on the promotion of the private sector, particularly the small and medium businesses. According to him, the European Bank has invested about $500 million in Armenia, and the volume of investments sharply increased due to the global financial-economic crisis.

Thomas Mirow expressed gratitude to President Sargsyan for the support to the EBRD activity in Armenia.

The EBRD President hailed Serzh Sargsyan’s efforts towards implementation of structural reforms. He said that in hard conditions the Armenian financial system managed to resist the challenges and proved its strength and stability.

Armenian President and Thomas Mirow talked on Armenia's economic priorities, the current and perspective joint programs. EBRD President said the EBRD is ready to continue supporting the development of the small and medium business and the improvement of infrastructures.