“ARMENIA IS OUR FLAGSHIP PRODUCT IN CAUCASUS,” WORLD BANK’S REPRESENTATIVE SAYS

YEREVAN, May 14. /Mediamax/. “Armenia is our flagship product in the Caucasus.” This words belong to Owaise Saadat, World Bank’s Representative in Armenia are quoted by Financial Times paper, in an article on “Armenia Investor” business-forum held in New York on May 9-12.
The paper says that the World Bank and other international agencies believe Armenia’s progress in both political and economic reform can be an example for the rest of the region.
President Kocharian said in an interview to Financial Times that there was a mutual recognition that direct investment into the private sector could push the country forward.
“We need investment like we need air,” says Finance and Economics Minister of Armenia Vardan Khachatrian in his interview to the newspaper. –0–