YEREVAN, September 18. / ARKA /. President Serzh Sargsyan was present Saturday at the opening of a meat factory in Yerevan built by NatFood Company with the support of the Black Sea Trade and Development Bank (BSTDB), the European Bank for Reconstruction and Development (EBRD) and VTB Bank Armenia.

"The meat factory furnished with modern equipment and advanced technology will produce a wide range of quality meat products for local consumption and export. The launch of this production will enhance the competitiveness of the meat processing industry in Armenia and creation of new jobs,” VTB Bank (Armenia) said in a press release.

"The opening of the factory was made possible due to the close cooperation of the Black Sea Trade and Development Bank , the European Bank for Reconstruction and Development and VTB Bank (Armenia), which provided additional funding and had restructured loans previously granted to NatFood,’ it said.

NatFood is a private company the majority in which is owned by Henrikh Zakhariants. EBRD has a share in it. -0-