YEREVAN, June 9. / ARKA /. In an interview with ARKA news agency, Valeriu Razlog, head of EBRD Yerevan Office, said the Bank was considering the possibility of buying stakes in several Armenian companies.

‘The talks on one project with a small Armenian company has progressed enough, and we are considering several other proposals as well,’ he said, but could not say exactly how many of them EBRD will have at the end of the year, and what their volume will be.

He said the bank's participation in the capital of Armenian companies will be a single case as no large projects are planned. He said also the progressed project involves the telecommunications sector, and besides, several other projects in the food industry and in manufacturing are being considered.

EBRD is one of the largest foreign investors in Armenia. It opened its office here in 1994 having committed since then a 400 million euro aid to Armenia. -0-