Yerevan, February 4 /Mediamax/. Minister of Finance and Economy of Armenia Vartan Khachatrian received today the Vice-President of KfW Banking Group Ronald Siller, who is in Yerevan for a working visit.

As Mediamax was told in the press service of the Ministry of Finance and Economy of Armenia, Vartan Khachatrian noted during the meeting that the KfW Banking Group is a reliable partner in developing stable economic cooperation between the Armenian and German governments.

Ronald Siller informed that KfW participates in the establishment of a world network of “ProCredit” banks, and the official opening of that group in the Armenian market will take place on February 5.

The German government allocated for Armenia through KfW bank lax loans and grants at the sum of about 150mln euro.