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ARMENIAN PRESIDENT URGES ITALIAN ENTREPRENEURS TO INVEST MORE IN ARMENIA
/ARKA/
December 14, 2011
YEREVAN
YEREVAN, December 14. /ARKA/. Armenian president Serzh Sargsyan urged
Italian entrepreneurs to invest more in Armenia describing the current
level of Italian investment in Armenia as 'unsatisfactory during a
meeting with Italian business people on the sidelines of his working
visit to Italy, according to Serzh Sargsyan's press office.
According to the National Statistical Service of Armenia, Italian
investments in Armenia in January - September 2011 amounted to $3.8
million, an increase of 1.9% over the same period of 2010.
According to Sargsyan, Italian investments in Armenia are channeled
into the construction, hotel industry and light industry sectors.
"However, in general, the volume of Italian investments in Armenia
is twice less that Cyprus investments, 3 times less than investments
from the Netherlands, 6 times less than German, 8 times less than
Greek and 12 times less than French investments," he said.
He added that trade between Italy and Armenia for the first nine
months of 2011 soared by 50% from a year earlier to $130 million,
"but this is not enough."
"Of course, it is nice to pronounce 50 percent, but in absolute terms
these numbers are not satisfactory," said Sargsyan.
According to him, Armenia is interested in developing mutual
cooperation in small and medium-sized businesses, which is the basis
of the Italian economy.
During the meeting the Armenian president also emphasized the important
role of historical proximity between Italian and Armenian peoples,
and expressed hope that economic cooperation between the two friendly
countries will develop and intensify in the future. The working visit
of the Armenian delegation headed by Serzh Sargsyan started on 12
December and will run through December 15.
/ARKA/
December 14, 2011
YEREVAN
YEREVAN, December 14. /ARKA/. Armenian president Serzh Sargsyan urged
Italian entrepreneurs to invest more in Armenia describing the current
level of Italian investment in Armenia as 'unsatisfactory during a
meeting with Italian business people on the sidelines of his working
visit to Italy, according to Serzh Sargsyan's press office.
According to the National Statistical Service of Armenia, Italian
investments in Armenia in January - September 2011 amounted to $3.8
million, an increase of 1.9% over the same period of 2010.
According to Sargsyan, Italian investments in Armenia are channeled
into the construction, hotel industry and light industry sectors.
"However, in general, the volume of Italian investments in Armenia
is twice less that Cyprus investments, 3 times less than investments
from the Netherlands, 6 times less than German, 8 times less than
Greek and 12 times less than French investments," he said.
He added that trade between Italy and Armenia for the first nine
months of 2011 soared by 50% from a year earlier to $130 million,
"but this is not enough."
"Of course, it is nice to pronounce 50 percent, but in absolute terms
these numbers are not satisfactory," said Sargsyan.
According to him, Armenia is interested in developing mutual
cooperation in small and medium-sized businesses, which is the basis
of the Italian economy.
During the meeting the Armenian president also emphasized the important
role of historical proximity between Italian and Armenian peoples,
and expressed hope that economic cooperation between the two friendly
countries will develop and intensify in the future. The working visit
of the Armenian delegation headed by Serzh Sargsyan started on 12
December and will run through December 15.