Yerevan/Mediamax/. Yerevan Mayor Karen Karapetyan suggested Chairmen of commercial banks of Armenia seeking opportunities for mutually beneficial cooperation.

“Some procedures, which are now in the frames of the City Administration’s authority, contain business-logic and should be handed over to business’s management: transport, garbage collection, parking, hospitals”, Mayor stated that the meeting, which took place on March 21.

Karen Karapetyan stated that the City Administration team has elaborated a whole package of investment proposal. In particular, he noted programs for reconstruction of buildings, which are of historic importance, including programs on their artistic and decorative lighting and design. In this context, the City Administration has also elaborated a program of lighting and improvement of the territory adjacent to the television tower, which can significantly change the night image of the city.

The bankers were also presented a program of social dwelling construction, which, besides solution of social problems, will also stir up business atmosphere.

Chairman of the Central Bank of Armenia Artur Javadyan, noting the importance of the principle of mutual interest in the basis of cooperation, said:

“Banks participate in many social, healthcare, education programs, however for the first time relations with state governing structures will be mutually beneficial”.

After studying the package of investment proposals of the City Administration, the banks will present their proposals.