03/05/2010 14:56
R. Ziller: FRG trusts the Armenian Republic
“The year 2010 is special for the Armenian – German cooperation in general. The Federal Republic of Germany will finance so many programs in the sphere of Armenian infrastructure that can never be found in the whole history of Armenian – German cooperation. That means that the Federal Republic of Germany continues trusting the Armenian government, during this crisis period in particular,” said the first vice president of the German KfW bank Roland Ziller.
He informed that around 120mln euros in credit will be given. 20mln from that sum has been given to the hypothec market, 18mln to the rehabilitating energy, tomorrow will be signed an agreement on giving 30mln euros to the Gyumri and Vanadzor water supply systems’ programs.
“Armenia has suffered a lot form the world financial economic crisis. During the crisis Armenia has led a clear policy which has been noticed by the international organizations,” R.Ziller said
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