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DELEGATION OF BRITISH BUSINESSMEN IS TRYING TO ESTABLISH PARTNERSHIP RELATIONS WITH ARMENIAN BUSINESSMEN
arminfo
Tuesday, November 27, 16:51
The delegation of 8 British businessmen has been trying to establish
partnership relations with Armenian businessmen, UK Ambassador to
Armenia, Katherine Leach, told journalists in Yerevan today.
She also added that at present a competitive climate for foreign
investments has been formed in Armenia. It is very much important
for the government of Armenia to be able to ensure transparency and
fairness of the relevant procedures, the ambassador said and added
this will make it possible to extend the frames of the Armenian-British
partnership more. She said that mining industry, IT, construction and
retail trade are the most attractive sectors of the Armenian economy.
The ambassador welcomed the reforms made by the Armenian authorities
in the sphere of simplification of business procedures, in particular,
an opportunity of e:register of a new business. At the same time, she
said that Armenia has not so good indices on the level of corruption
risks. This is the sphere where Armenia still needs reforms and
progress, she said.
For his part, the head of the British Expertise, Nigel Peters, said
that despite decrease of foreign investments in the whole world
because of the global economic crisis, at present a competitive
investment climate has been established in Armenia. He also added
that the leading international institutional investors have been
functioning in Armenia, which together with the Armenian government
have been fulfilling various infrastructure projects.
According to Armenian National Statistics Service, commodity
circulation between Armenia and the Great Britain amounted to $29.1
mln for Jan-Sept 2012, which is by 15,6% less versus Jan-Sept 2011.
The volume of the British investments in Armenia amounted to $8.7 mln
in the first half of 2012, chiefly connected with air transport,
including direct investments - just $50.7 thsd. The volume of
investments dropped by more than 60% versus the same period of 2011.
arminfo
Tuesday, November 27, 16:51
The delegation of 8 British businessmen has been trying to establish
partnership relations with Armenian businessmen, UK Ambassador to
Armenia, Katherine Leach, told journalists in Yerevan today.
She also added that at present a competitive climate for foreign
investments has been formed in Armenia. It is very much important
for the government of Armenia to be able to ensure transparency and
fairness of the relevant procedures, the ambassador said and added
this will make it possible to extend the frames of the Armenian-British
partnership more. She said that mining industry, IT, construction and
retail trade are the most attractive sectors of the Armenian economy.
The ambassador welcomed the reforms made by the Armenian authorities
in the sphere of simplification of business procedures, in particular,
an opportunity of e:register of a new business. At the same time, she
said that Armenia has not so good indices on the level of corruption
risks. This is the sphere where Armenia still needs reforms and
progress, she said.
For his part, the head of the British Expertise, Nigel Peters, said
that despite decrease of foreign investments in the whole world
because of the global economic crisis, at present a competitive
investment climate has been established in Armenia. He also added
that the leading international institutional investors have been
functioning in Armenia, which together with the Armenian government
have been fulfilling various infrastructure projects.
According to Armenian National Statistics Service, commodity
circulation between Armenia and the Great Britain amounted to $29.1
mln for Jan-Sept 2012, which is by 15,6% less versus Jan-Sept 2011.
The volume of the British investments in Armenia amounted to $8.7 mln
in the first half of 2012, chiefly connected with air transport,
including direct investments - just $50.7 thsd. The volume of
investments dropped by more than 60% versus the same period of 2011.