Swiss Ambassador to Armenia Lukas Gasser: Switzerland will try to contribute to a peaceful settlement of the Nagorno-Karabakh conflict without questioning the established formats such as the OSCE Minsk process
by Arthur Yernjakyan
The European Bank for Reconstruction and Development (EBRD) has appointed Mark Davis as the new head of the Yerevan Resident Office, Bruno Balvanera, EBRD Director for Caucasus, Moldova and Belarus, said at today's press conference in Yerevan.
Prior to taking up the position at the EBRD, Davis was an Executive Director at Goldman Sachs (2010-12), and Morgan Stanley (2007-10), focusing on debt capital markets, derivatives, distressed debt and structured commodity finance.
Davis said that infrastructure projects, agriculture, stimulation of export, power engineering and industry remain the EBRD's priorities in Armenia. He said that the bank will continue investing in the country's banking sector.
The EBRD's annual loan book in Armenia is almost 100mln EUR. The bank has so far invested 656mln EUR in 120 projects here. In 2012 it signed agreements on 15 projects for a total of 94mln EUR. The biggest projects were investments in Zvartnots Airpor and Yerevan Subday and recovery of water supplies in Yerevan.