France helped lead the diplomatic push for a UN-sanctioned no-fly zone over Libya to protect civilians from Gadhafi's forces, and French warplanes fired the first strikes in the campaign.

The BSTDB hailed the Armenian government’s actions aimed at suppressing inflation and improving the business environment in the country.

“The successful completion of a number of reforms, especially electoral reform, is essential to ensure genuinely democratic parliamentary elections in 2012,” said the rapporteurs.

The Black Sea Trade and Development Bank intends to expand cooperation with Armenian banks, bringing the amount of financing to 4-8 million euros.