RA Prime Minister Tigran Sargsyan participated in the signing ceremony of an agreement on the presence of the Eurasian Development Bank (EDB) in Armenia. The agreement was signed by RA Minister of Energy and Natural Resources Armen Movsisyan and EBD Board Chairman Igor Finogenov.

Under the agreement, the EBD is to open an office in Armenia. The EBD also signed memorandums of cooperation with the RA Ministry of Energy and Natural Resources, ArmRusgasprom, South Caucasus Railway, International Energy Corporation and ArmBusinessbank. Speaking at the signing ceremony, the RA Premier pointed out that Armenia is not an EBD full member. He said that Armenia has a share in the EBD capital. He expressed hope that the documents will give impetus to cooperation. T. Sargsyan pointed out that Armenia has submitted a number of projects to the EBD management. The RA Premier reported the bank will act as operator in the utilization of the CIS anti-crisis funds, and the RA Government attaches special importance to the documents.

T.P.