YEREVAN. – Prime Minister of Armenia Karen Karapetyan on Friday received Vice-President Vazil Hudák of the European Investment Bank (EIB).

The PM lauded Armenia’s cooperation with the EIB, the press office of the government informed Armenian News-NEWS.am. Also Karapetyan underscored the bank’s collaboration with the private sector, and added that the Armenian government has adopted a policy of carrying out reforms in all domains.

“Our efforts will be aimed at ensuring a favorable, predictable, and transparent framework for businesses,” noted the Premier.

Hudák, in turn, stressed that the EIB looks toward continuing its collaboration with the government of Armenia. In addition, he noted that they held productive respective discussions with the heads of the relevant governmental departments.

Karen Karapetyan, for his part, added that the Armenian government plans for major reforms in provincial community administration.