December 8, 2012 - 19:45 AMT
Agreement on Loriberd hydropower plant signed in Frankfurt

Prime Minister Tigran Sargsyan met with senior vice president of Oracle EMEA Ltd. Alain Blanc in the framework of Frankfurt-hosted Armenian-German business forum.

The company’s possible involvement in Armenia’s IT sector was in the focus of the meeting, with the formation of free trade area in Armenia, Gyumri Technopark and a number of educational programs discussed.

Mr. Blanc, in turn, expressed the company’s readiness to implement programs in Armenia, confessing to the awareness of a number of projects in progress.

The forum further featured signing of an agreement on financing the Loriberd Hydro Power Plant program.