PRESIDENT OF BLACK SEA BANK SAYS INVESTMENTS IN ARMENIA ARE JUSTIFIED

“We are confident with the economy of Armenia. It has less impacts of the world economic crisis than Europe or America,” said the President of the Black Sea Bank H. Capla after visiting “SAS” supermarket. According to him they have a package of 17 million USD in Armenia, including banking system, energy and retail trade. “We would like to expand our capital in Armenia and to strengthen our representation here,” he said. The President of the bank said that their investments in Armenia are justified; hence they are willing to implement more projects in our country.