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French Development Agency To Operate In Armenia- President

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  • French Development Agency To Operate In Armenia- President

    FRENCH DEVELOPMENT AGENCY TO OPERATE IN ARMENIA- PRESIDENT

    YEREVAN, November 15. /ARKA/. The French Development Agency will start
    its performance in Armenia, and the state authorities are ready to
    support it, Armenia's president Serzh Sargsyan said at the meeting
    with the representatives of the French business community in Lyon,
    according to the President's office.

    "We pin great hopes on the activities of that Agency since we are
    aware of its capabilities, since we are aware of the desire of the
    French leadership and since we are ready to do our best to make the
    Agency's activities in Armenia a success," President Sargsyan said.

    According to President Sargsyan, the Armenian-French Business Club
    has been functioning in Armenia since last year, and yesterday the
    President of France Francois Hollande suggested transforming it into
    the Trade and Industry Chamber.

    "We accept that proposal with great pleasure. The Club provides
    professional and information support, organizes regular thematic
    roundtables and serves to strengthen the French business community
    in Armenia and ensure a greater involvement of the French companies
    in the Armenian market."

    Mr. Sargsyan also spoke of recent initiatives and developments
    which were of interest for the entrepreneurs of France and Lyon
    in particular, implemented reforms, Armenian-French economic ties,
    historical trade relations and prospects of deepening these relations.

    Serzh Sargsyan noted that if existing Armenian-French potential in
    that area is fully and efficiently realized, economic opportunities
    of independent Armenia will allow to increase considerably, even
    multiply the turnover between the two countries.

    In the framework of his official visit to France, President
    Serzh Sargsyan on November 13 left for Lyon, which has a large and
    well-organized Armenian community, where he met with the Mayor of Lyon,
    Senator Gerard Collomb.

    The French Development Agency is a financial institution that provides
    aid to the developing countries via grants, credits, etc.--0-

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