YEREVAN. – The President of Armenia, Serzh Sargsyan, on Monday met with vice-president Wilhelm Molterer of the European Investment Bank (EIB).

The President expressed the hope that Molterer’s visit will give new impetus to Armenia-EIB cooperation. Sargsyan also highly praised the bank’s mission and its activities in Armenia, and stressed that the EIB has become a strategic partner of the country.

The EIB vice-president likewise expressed satisfaction with their collaboration with Armenia, and noted that this cooperation can become a model for the other partners of the bank. Molterer added that the EIB is currently making preparations for the next phase of cooperation with Armenia, and which will be based on the priorities of the country’s economic policy.

The interlocutors underscored the EIB-assisted infrastructure development projects in Armenia, and reflected on the prospects for the development of Armenia-European Union cooperation.