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ARMENIAN-GERMAN BUSINESS-FORUM OPENED IN YEREVAN
ARMINFO News Agency
October 9, 2006 Monday
.ArmInfo. The volume of German investments to the Armenia's
economy makes up $130 mln, RA deputy Minister for Trade and
Economic Development, Tigran Davtyan, said at the Armenian-German
business-Forum, opened today in Yerevan.
According to him, there are 61 enterprises in Armenia with
participation of the German capital. The biggest investor is the
German "Cronimet Mining" Company, which had acquired 60% of shares of
"Zangezur Copper-Molybdenum Industrial Complex" CJSC in December,
2004. the deputy Minister noted the German investments are not
diversified and today's business-Forum is called up to extend and
deepen the two countries' cooperation. According to him, Armenia
pins great hopes on Germany since the latter is the biggest state of
Europe. Davtyan hopes the projects for creation of joint enterprises
and the Armenians production entry the German market will be discussed
during the Forum.
As the adviser for cooperation with CIS countries of the Ministry of
Economy and Technologies of Germany, Peter Lorenc, informed, a problem
of regional cooperation exists in Armenia, though the "problems with
neighbors will not be discussed" during the German delegation visit. He
noted that good bilateral relations are established between Armenia
and Germany.
Seventeen enterprises, including the German Investment and Development
Agency (DEG), Alcatel Deutschland Gmbh, AREVA Energietechnik, Siemenc
AG, ABB AG and others, represent the German delegation at the Forum.
ARMINFO News Agency
October 9, 2006 Monday
.ArmInfo. The volume of German investments to the Armenia's
economy makes up $130 mln, RA deputy Minister for Trade and
Economic Development, Tigran Davtyan, said at the Armenian-German
business-Forum, opened today in Yerevan.
According to him, there are 61 enterprises in Armenia with
participation of the German capital. The biggest investor is the
German "Cronimet Mining" Company, which had acquired 60% of shares of
"Zangezur Copper-Molybdenum Industrial Complex" CJSC in December,
2004. the deputy Minister noted the German investments are not
diversified and today's business-Forum is called up to extend and
deepen the two countries' cooperation. According to him, Armenia
pins great hopes on Germany since the latter is the biggest state of
Europe. Davtyan hopes the projects for creation of joint enterprises
and the Armenians production entry the German market will be discussed
during the Forum.
As the adviser for cooperation with CIS countries of the Ministry of
Economy and Technologies of Germany, Peter Lorenc, informed, a problem
of regional cooperation exists in Armenia, though the "problems with
neighbors will not be discussed" during the German delegation visit. He
noted that good bilateral relations are established between Armenia
and Germany.
Seventeen enterprises, including the German Investment and Development
Agency (DEG), Alcatel Deutschland Gmbh, AREVA Energietechnik, Siemenc
AG, ABB AG and others, represent the German delegation at the Forum.