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Austria intends to support Armenia in small & medium business dev.

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  • Austria intends to support Armenia in small & medium business dev.

    ARKA News Agency
    Aug 23 2005

    AUSTRIA INTENDS TO SUPPORT ARMENIA IN SMALL AND MEDIUM BUSINESS
    DEVELOPMENT

    YEREVAN, August 23. /ARKA/. Austria intends to support Armenia in
    small and medium business development, RA Deputy Minister of Trade
    and Economic Development Tigran Davtyan told journalists at the
    signing ceremony of the protocol of the meeting of the Armenian
    -Austrian Intergovernmental Commission on Economic Cooperation. He
    said that Austria and Armenia intend to cooperate in small and medium
    business development within the Small and Medium Enterprises
    Development National Center (SME DNC). Co-Chairman of the
    Armenian-Austrian Intergovernmental Commission, General Director on
    Foreign Economic Relations of the Federal Ministry of Economy and
    Labor of Austria Johan Zaks said that SME's share in Austrian economy
    makes 99.4%. "Small and medium-size business is the base of our
    economy. Their advantage is quick response to the needs of the market
    and clients. We intend to support Armenia in small and medium
    enterprise development and are ready to train managers for these
    enterprises", Zaks said.
    During their 3-day stay in Armenia the Austrian delegation hold
    negotiations at the RA Ministry of trade and Economic Development,
    Ministry of Environmental Protection, and met with representatives of
    SMEs.
    This was the second meeting of the Armenian-Austrian
    Intergovernmental Commission. The first meeting was held in Vienna
    two years ago. That time the side agreed on bilateral cooperation.
    A.A. -0--

    From: Emil Lazarian | Ararat NewsPress
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