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Italian Business Interested in Launching Shoes Production in Armenia

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  • Italian Business Interested in Launching Shoes Production in Armenia

    ITALIAN BUSINESMEN INTERESTED IN LAUNCHING SHOES PRODUCTION IN ARMENIA


    YEREVAN, FERBUARY 1. ARMINFO. Italian businessmen are interested in
    launching a production of shoes in Armenia.

    Speaking at a press conference today, Head of the Industrial
    Department of the Armenian Ministry for Trade and Economic Development
    Meruzhan Hakobyan says that it has become known in the course of the
    official visit of an Armenian delegation headed by President Robert
    Kocharyan to Rome. According to Hakobyan, during meeting with
    business-circles of Italy, several local businessmen even expressed
    readiness to invest big funds in construction of a new shoes factory
    in Armenia. Hakobyan proposed them investing their funds in the large
    shoes factories in Armenia, which were idling for various reasons
    (some 20 factories). He says that at present, mainly small shoes
    productions operate in Armenia, meanwhile, in the Soviet times, 25
    million pares of shoes were produced in the country, 23 million of
    them were exported. Businessmen decided to think of the proposal and
    visit Armenia within several months.

    During a meeting at the Foreign Trade Center in Venice, Italians took
    an interest in the prospects of production of office furniture in
    Armenia, promising to supply components for it. He adds that the
    Customs regime in Armenia is more favorable than in Russia. In this
    connection, Armenia could become a bridge for supply of the local
    products to Russia. Meanwhile, the most complicated of the transport
    problems is activation of the train ferry between the ports Poti
    (Georgia) and Caucasus (Russia,) he says.

    According to Hakobyan, the commodity turnover of Armenia and Italy
    totaled $68 million, including $28 million exports and $39 million
    import of Armenian products.

    From: Emil Lazarian | Ararat NewsPress
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