France will seek to increase its investments in Armenia
17.10.2011,
23:22
France, which is the second largest foreign investor in Armenia, will seek to strengthen its positions here, French ambassador to Armenia, Henry Renaud, said today.
YEREVAN, October 17. / ARKA /. France, which is the second largest foreign investor in Armenia, will seek to strengthen its positions here, French ambassador to Armenia, Henry Renaud, said today.
"Economic relations between Armenia and France are at quite high level with many French companies operating here, small and large, like France Telecom’s subsidiary Orange Armenia, representing different areas, from manufacturing to services," he said.
According to Renaud, Paris is particularly interested in increasing its presence in trade, since Armenia has great potential. He also stressed that the strengthening of ties between Armenia and France is closely linked with the development of Armenia-EU partnership and added that the negotiations on the association agreement between Yerevan and EU move ahead rapidly.
"Successful implementation of the commitments undertaken in the negotiations, the approximation to EU standards, institutional reform give new impetus to the economic development of Armenia and allow it to enter the European market", said ambassador.
According to the National Statistical Service of Armenia, foreign investments into Armenia’s real economy sector n January-June 2011 increased by 28.8% year-on-year to $421.9 million. The largest foreign investor was the Russian Federation with $206.6 million, France was second with $ 68.1 million and USA was third with $35.2 million. Together these countries accounted for 49%, 16.1% and 8.3% of all foreign investments respectively. -0-
"Economic relations between Armenia and France are at quite high level with many French companies operating here, small and large, like France Telecom’s subsidiary Orange Armenia, representing different areas, from manufacturing to services," he said.
According to Renaud, Paris is particularly interested in increasing its presence in trade, since Armenia has great potential. He also stressed that the strengthening of ties between Armenia and France is closely linked with the development of Armenia-EU partnership and added that the negotiations on the association agreement between Yerevan and EU move ahead rapidly.
"Successful implementation of the commitments undertaken in the negotiations, the approximation to EU standards, institutional reform give new impetus to the economic development of Armenia and allow it to enter the European market", said ambassador.
According to the National Statistical Service of Armenia, foreign investments into Armenia’s real economy sector n January-June 2011 increased by 28.8% year-on-year to $421.9 million. The largest foreign investor was the Russian Federation with $206.6 million, France was second with $ 68.1 million and USA was third with $35.2 million. Together these countries accounted for 49%, 16.1% and 8.3% of all foreign investments respectively. -0-
