10, 2010

President Sargsyan received the President of BSTDB Andrey Kondakov

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Today, President Serzh Sargsyan received the President of the Black Sea Trade and Development Bank (BSTDB) Andrey Kondakov.

The President of Armenia congratulated Andrey Kondakov on his election as President of that prestigious financial organization and expressed confidence that the Bank’s cooperation with Armenia would continue to expand. President Sargsyan noted that there are all opportunities for the Bank’s engaged activities in our country. Serzh Sargsyan welcomed Bank’s activities aimed at the financing of the real sector of the economy, stressing the availability of the BSTBD funds.

Andrey Kondakov presented to the President of Armenia achievements of the Bank in the eleven years of its existence and spoke about the future development projects. He praised Armenia’s - as one of the Bank’s shareholders, active participation in the augmentation of the BSTBD capital, assessing it as political assistance which is highly appreciated. The President of the BSTBD assured that amplified funds would allow to expand the Bank’s activities and come up with the new projects directed at boosting economic development of the member states.

The parties discussed programs and new ideas related to the Bank’s greater involvement in the Armenian economy.

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