Armenian PM Tigran Sargsyan received Olivier Descamps.

Armenian PM Tigran Sargsyan received Olivier Descamps, the European Bank for Reconstruction and Development (EBRD) Managing Director for Turkey, Eastern Europe, Caucasus and Central Asia.

“Our relations are gradually expanding. We have examined EBRD’s new strategy with Armenia. Our specialists give a high evaluation to that document. So, we are satisfied with the bilateral cooperation,” PM noted.

In his turn, Olivier Descamps stated that the EBRD-approved investment programs in Armenia reflect the steps taken to improve the investment climate in the country.

“I regularly visit Armenia over the course of the past fourteen years, and I can say that considerable changes are taking place in the country. Now, you are stronger, and you have a more cautious, prudent fiscal economic policy,” Olivier Descamps said.

The interlocutors also discussed Armenia’s tax and customs reforms, improvement of the business climate, and development of small and medium-size business.

They also reflected on the Government’s export-oriented industrial policy strategy, and the likely cooperation with EBRD along these lines.