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EBRD To Give Armenian Elite Group $5.5 Million As Credit And 130,000

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  • EBRD To Give Armenian Elite Group $5.5 Million As Credit And 130,000

    EBRD TO GIVE ARMENIAN ELITE GROUP $5.5 MILLION AS CREDIT AND 130,000 EURO IN GRANT

    ARKA
    June 30, 2009

    YEREVAN, July 1. /ARKA/. On Wednesday, European Bank for Reconstruction
    and Development and Elite Group, Armenian CJSC, will sign an agreement
    on mid-term loan.

    Under the agreement, the EBRD will lend $5.5 million to the
    construction company and give 130,000 Euro in grants to encourage
    energy-saving innovations.

    Paul-Henri Forestier, EBRD regional director, is reportedly come to
    Yerevan to sign the document.

    Armenian Prime Minister Tigran Sargsyan, members of the Government
    and businessmen will be present at the signing ceremony.

    Elite Group engages in construction, interior decoration and service
    of houses.
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