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Armenia’s union of manufacturers & businessmen, union of czech & moravian corporations sign cooperation agreement

18.02.2008, 20:48
The Union of Manufacturers and Businessmen of Armenia (UMBA) and the Union of Czech and Moravian Corporations have signed a cooperation agreement.
YEREVAN, February 18. /ARKA/. The Union of Manufacturers and Businessmen of Armenia (UMBA) and the Union of Czech and Moravian Corporations have signed a cooperation agreement. “This document will give a start to cooperation between our organizations and will focus on the interchange of business ideas,” said UMBA Chairman Arsen Ghazarian during the Bridge 2008 economic forum in Tsakhkadzor.

According to him, the purpose of the agreement is to support Armenian-Czech economic development. Ghazarian pointed out that UMBA has signed about 80 cooperation agreements with France, Greece, Romania, Germany, Belgium, Argentine and other countries.

According to Jan Wiesner, chairman of the Union of Czech and Moravian Corporations, the organization includes textile and consumer goods manufacturers, as well as companies producing construction materials, cars agricultural instruments, and semi-finished goods. He stated that Armenia is the union’s first partner-country in the region.

Armenian-Czech trade turnover totaled $18.3mln in 2007 against $8.96mln in 2006, the RA National Statistical Service (NSS) reports.

The fifth international economic forum Bridge 2008 opened in Tsakhkadzor on February 15. The organizers of the event are UMBA and the MASTER Center for International Integration Assistance. The forum is officially sponsored by the RA Ministry of Trade and Economic Development, RA Ministry of Foreign Affairs, Central Bank of Armenia and the Armenian Development Agency.

About 300 entrepreneurs from Armenia, Russia, Ukraine, Belarus, Czech Republic, Bulgaria, Austria and Iran participate in the forum. –0--