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FRENCH INVESTMENTS IN ARMENIA'S ECONOMY REACH $685 MILLION
ARKA
Sep 29, 2011
YEREVAN, September 29. /ARKA/. French investments in Armenia's
economy reached $685 million in July 2011, Armenian President Serzh
Sargsyan said Thursday during a breakfast with Armenian and French
entrepreneurs, the president's press office reports.
He said that Armenia attaches importance to trade and economic
relations with France, which is the second largest investor in
Armenia's economy.
The head of state said that 155 Armenian-French joint ventures operate
in telecommunication, drink-producing, banking, pharmaceutical,
healthcare, tourism, agricultural and light industry sectors in
Armenia.
He singled out some of them - Credit Agricole Bank, Orange,
Pernod Ricard, Alcatel and Grand Thornton Amyot - saying they set
a classical example of successful investments. Sargsyan said that
necessary legislative groundwork is already laid for development of
these relations.
Sargsyan said that despite particular achievements, Armenia and
France still have plenty to do to use capacity for cooperation to
its full extent.
He voiced regret at the fact that France is not among Armenia's top
ten trade and economic partners. He finds it inadmissible, given the
present level of cooperation between the two countries.
From: A. Papazian
ARKA
Sep 29, 2011
YEREVAN, September 29. /ARKA/. French investments in Armenia's
economy reached $685 million in July 2011, Armenian President Serzh
Sargsyan said Thursday during a breakfast with Armenian and French
entrepreneurs, the president's press office reports.
He said that Armenia attaches importance to trade and economic
relations with France, which is the second largest investor in
Armenia's economy.
The head of state said that 155 Armenian-French joint ventures operate
in telecommunication, drink-producing, banking, pharmaceutical,
healthcare, tourism, agricultural and light industry sectors in
Armenia.
He singled out some of them - Credit Agricole Bank, Orange,
Pernod Ricard, Alcatel and Grand Thornton Amyot - saying they set
a classical example of successful investments. Sargsyan said that
necessary legislative groundwork is already laid for development of
these relations.
Sargsyan said that despite particular achievements, Armenia and
France still have plenty to do to use capacity for cooperation to
its full extent.
He voiced regret at the fact that France is not among Armenia's top
ten trade and economic partners. He finds it inadmissible, given the
present level of cooperation between the two countries.
From: A. Papazian