YEREVAN. – Prime Minister of Armenia Hovik Abrahamyan received a delegation led by Francis Malige, the Managing Director for Eastern Europe and the Caucasus for the European Bank for Reconstruction and Development (EBRD).
Abrahamyan underscored Armenia’s cooperation with EBRD.  

“The Government of Armenia looks toward the introduction of new bilateral projects, [and] it will see to it that each project is implemented with success,” the PM noted. 

In turn, Malige presented the course of the EBRD projects being implemented in Armenia, and noted that the European Bank stands ready to continue assisting in the carrying out of reforms in the country.

At the same time, he informed that the EBRD will approve a new strategy for cooperation with Armenia, and that this strategy will define the bilateral priorities.  

It was also informed that a new grant program for Armenia, and which will be aimed at renewable energy, already has been approved.

Francis Malige also stated that the EBRD is prepared to invest in the construction of the North-South Highway, increasing of energy efficiency, and improving of the environment in Armenia.

PM Hovik Abrahamyan, for his part, stressed the importance of conducting joint projects, and presented the Armenian government’s outlook on and programs toward improving the business climate in the country.