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French Investors Have Confidence In Armenia

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  • French Investors Have Confidence In Armenia

    FRENCH INVESTORS HAVE CONFIDENCE IN ARMENIA
    By Tigran Liloyan

    ITAR-TASS News Agency, Russia
    September 30, 2006 Saturday

    French President Jacques Chirac declared in Yerevan on Saturday that
    French investors have confidence in Armenia. Chirac spoke at a joint
    press conference with Armenian President Robert Kocharyan.

    The French president said he was optimistic, taking into account
    a quick pace of the growth of the Armenian economy due both to the
    economic development and talent, skills and the experience of the
    Armenian people. Contacts with the world and France should help
    improve their opportunities, Chirac told the press conference.

    For his part, Robert Kocharyan underlined the economic aspect in
    bilateral relations. Today, there are more than 100 enterprises in
    Armenia with the participation of the French capital, Kocharyan said.

    Armenia is hoping for France' active participation in the Armenian
    banking sector, and the advance of French companies to the Armenian
    insurance market, Kocharyan said. The French Credit Lyonnais Bank
    buying the shares of the Armenian Bank of Peasant Aid will have a
    positive impact on the Armenian banking sector, Kocharyan said.
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