European companies ready to invest in Armenia, head of EU delegation says
26.09.2018,
18:23
European companies are ready to invest in Armenia and have already expressed their interest, the head of the EU Delegation to Armenia Piotr Switalski told journalists on Wednesday.
YEREVAN, September 26. /ARKA/. European companies are ready to invest in Armenia and have already expressed their interest, the head of the EU Delegation to Armenia Piotr Switalski told journalists on Wednesday.
He said European companies are currently scrutinizing carefully all the investment opportunities in Armenia being inspired by a string of steps taken by the new government, especially by the efforts to combat corruption and form an independent judicial system that have made the country more attractive for foreign investments.
He said for attracting European companies Armenia needs a pro-active government strategy. In his words, the EU Delegation to Armenia received signals from various European companies that they are interested in investing in Armenia and this interest can be materialized and made real in a few months.
Armenia’s Deputy Minister of Economic Development and Investments Maneh Adamyan noted in response to a question from ARKA that the country can provide European investors with opportunities to invest in all priority areas of the government - renewable energy, high technologies, light industry, tourism, processing of agricultural products and innovative agriculture.
Armenia's foreign trade with the EU in the first 7 months of 2018 amounted to $1.065.7 billion dollars (an increase of 36.1%). On June 1, 2018, the Comprehensive and Enhanced Partnership Agreement (CEPA) between Armenia, EU and the European Atomic Energy Community", ratified by the Armenian Parliament on April 11, came into force in part.
Armenia is the first member country of Russia-led Eurasian Economic Union that signed CEPA agreement with the European Union. The agreement will fully enter into force after it is ratified by all 28 EU member states and Armenia. At present the document has been ratified by Armenia, Estonia, Latvia, Poland and Lithuania. -0-
He said European companies are currently scrutinizing carefully all the investment opportunities in Armenia being inspired by a string of steps taken by the new government, especially by the efforts to combat corruption and form an independent judicial system that have made the country more attractive for foreign investments.
He said for attracting European companies Armenia needs a pro-active government strategy. In his words, the EU Delegation to Armenia received signals from various European companies that they are interested in investing in Armenia and this interest can be materialized and made real in a few months.
Armenia’s Deputy Minister of Economic Development and Investments Maneh Adamyan noted in response to a question from ARKA that the country can provide European investors with opportunities to invest in all priority areas of the government - renewable energy, high technologies, light industry, tourism, processing of agricultural products and innovative agriculture.
Armenia's foreign trade with the EU in the first 7 months of 2018 amounted to $1.065.7 billion dollars (an increase of 36.1%). On June 1, 2018, the Comprehensive and Enhanced Partnership Agreement (CEPA) between Armenia, EU and the European Atomic Energy Community", ratified by the Armenian Parliament on April 11, came into force in part.
Armenia is the first member country of Russia-led Eurasian Economic Union that signed CEPA agreement with the European Union. The agreement will fully enter into force after it is ratified by all 28 EU member states and Armenia. At present the document has been ratified by Armenia, Estonia, Latvia, Poland and Lithuania. -0-
