Yerevan, August 18, Armenpress: Newly appointed ambassador of Germany to Armenia Mrs. Haikei Renatei Paichi handed over her credentials to president Kocharian today. According to president press services, the sides praised the present level of Armenian-German relations noting that they are developing rather dynamically especially in recent times. The newly appointed ambassador voiced her belief that bilateral relations will further develop. She conveyed friendly greetings of German president Horst Kohler to president Kocharian.

Congratulating the ambassador, Robert Kocharian said that Armenia attaches special importance to partnership with Germany. The president of the republic assessed highly the assistance of German government to reforms in Armenia. Economic ties play special place in bilateral relations, according to the president. He praised relations especially in energy and financial-technical fields.

Both sides attached importance to cooperation between different regions of Armenia and Germany.