Investor Presentaiton

38 Investment guide Armenia KPMG BSEC CBA CCC CIS CSTO Abbreviations and Glossaries ADB AMD ASRA Asian Development Bank Armenian Dram Accounting standards of the Republic of Armenia Black Sea Economic Cooperation The Central Bank of Armenia Customs Cooperation Council Commonwealth of Independent States Collective Security Treaty Organization DEG DSL German Investment and Development Corporation Digital subscriber line EBRD EC EEU ESCAP EurAsEC FDI FEZ European Bank for Reconstruction and Development European Commission Eurasian Economic Union Economic and Social Commission for Asia and the Pacific Eurasian Economic Community Foreign Direct Investment Free Economic Zone FTTH Fiber to the home GDP GSP+ GTC IAEA ICAO ICT IDA IFAD Gross Domestic Product Generalized System of Preference Gyumri Technological Center International Atomic Energy Agency International Civil Aviation Organization Information and Communication Technologies International Development Association International Fund for Agricultural Development © 2016 KPMG Armenia cjsc,. All rights reserved.

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