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FRANCE WILL SEEK TO INCREASE ITS INVESTMENTS IN ARMENIA
ARKA
Oct 17, 2011
YEREVAN, October 17. / ARKA /. France, which is the second largest
foreign investor in Armenia, will seek to strengthen its positions
here, French ambassador to Armenia, Henry Renaud, said today.
"Economic relations between Armenia and France are at quite high level
with many French companies operating here, small and large, like France
Telecom~Rs subsidiary Orange Armenia, representing different areas,
from manufacturing to services," he said.
According to Renaud, Paris is particularly interested in increasing
its presence in trade, since Armenia has great potential. He also
stressed that the strengthening of ties between Armenia and France
is closely linked with the development of Armenia-EU partnership
and added that the negotiations on the association agreement between
Yerevan and EU move ahead rapidly.
"Successful implementation of the commitments undertaken in the
negotiations, the approximation to EU standards, institutional reform
give new impetus to the economic development of Armenia and allow it
to enter the European market", said ambassador.
According to the National Statistical Service of Armenia, foreign
investments into Armenia~Rs real economy sector n January-June 2011
increased by 28.8% year-on-year to $421.9 million. The largest foreign
investor was the Russian Federation with $206.6 million, France was
second with $ 68.1 million and USA was third with $35.2 million.
Together these countries accounted for 49%, 16.1% and 8.3% of all
foreign investments respectively.
ARKA
Oct 17, 2011
YEREVAN, October 17. / ARKA /. France, which is the second largest
foreign investor in Armenia, will seek to strengthen its positions
here, French ambassador to Armenia, Henry Renaud, said today.
"Economic relations between Armenia and France are at quite high level
with many French companies operating here, small and large, like France
Telecom~Rs subsidiary Orange Armenia, representing different areas,
from manufacturing to services," he said.
According to Renaud, Paris is particularly interested in increasing
its presence in trade, since Armenia has great potential. He also
stressed that the strengthening of ties between Armenia and France
is closely linked with the development of Armenia-EU partnership
and added that the negotiations on the association agreement between
Yerevan and EU move ahead rapidly.
"Successful implementation of the commitments undertaken in the
negotiations, the approximation to EU standards, institutional reform
give new impetus to the economic development of Armenia and allow it
to enter the European market", said ambassador.
According to the National Statistical Service of Armenia, foreign
investments into Armenia~Rs real economy sector n January-June 2011
increased by 28.8% year-on-year to $421.9 million. The largest foreign
investor was the Russian Federation with $206.6 million, France was
second with $ 68.1 million and USA was third with $35.2 million.
Together these countries accounted for 49%, 16.1% and 8.3% of all
foreign investments respectively.