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Armenian-Kazakh business forum in Yerevan

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  • Armenian-Kazakh business forum in Yerevan

    news.am, Armenia
    Dec 10 2010


    Armenian-Kazakh business forum in Yerevan



    December 10, 2010 | 22:56

    An Armenian-Kazakh business forum has been held in Yerevan today,
    December 10. The forum was organized by the Kazakh Embassy in Armenia
    and Union of Manufacturers and Businessmen of Armenia (UMBA).

    Kazakhstan is not only the largest economy in Central Asia, but also
    one of the most rapidly developing. Although Armenian-Kazakh economic
    ties have long history, and bilateral political relations are at a
    high level, the potential for economic cooperation remains unrealized.

    RA Minister of Diaspora Hranush Hakobyan was invited to the forum.
    Kazakhstan states it is open to the Armenian Diaspora's investments.

    Kazakh Ambassador to Armenia Ayimdoz Bozjigitov said that
    Armenian-Kazakh annual turnover totals U.S. $300. Kazakhstan is
    interested in Armenian engineers' innovation project, and Kazakh banks
    are ready to fund investment projects in other countries. A
    Yerevan-Almaty flight is to start operating from December 11. `It is a
    promising project, as Yerevan provides access to Europe while Almaty,
    to China,' Ambassador Bozjigitov said.

    UMBA Vice-Chairman Khachatur Piloyan pointed pout as low level of
    bilateral turnover. `Our economic ties are behind political ties,' he
    said.




    From: A. Papazian
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