Michael Weinstein has been appointed the new head of the Yerevan Office of the European Reconstruction and Development Bank. As PanARMENIAN.Net reporter came to know from the representative office, this appointment was caused by the Bank's aspiration to render the Armenian businessmen access to the world markets. "I hope to be helpful to Armenia, the ancient country with great potential", Mr. Weinstein noted. Presently Armenia is the key constituent of the Early Transition Country (ETC) initiative directed towards seven countries - Armenia, Azerbaijan, Georgia, Kyrgyzstan, Moldova, Tajikistan and Uzbekistan. To note, the ERDB has concluded bargains with SHEN Armenian concern and Maralik textile manufacturing company. When Michael Weinstein starts his work in Yerevan, the Bank will sign an agreement with Inecobank.