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ARMENIAN BUSINESSMEN TOLD ABOUT ARGENTINA'S INVESTMENT CAPACITY
YEREVAN, October 19. /ARKA/. The Armenian-Argentine Trade and
Economic Forum, organized by Armenian Commerce and Industry Chamber
and Argentina's Embassy in Armenia, was launched Friday in Yerevan.
Argentine Ambassador to Armenia Diego Ernesto Alvarez Rivera,
speaking at the forum, presented Economic situation in Argentina and
the country's investment capacity to Armenian businessmen.
He said that his country's GDP grew 8.9% in 2011 mainly thanks to 9.1%
growth in services sector. Trade in commodities showed 7.4% growth.
The ambassador also said that unemployment rate in Argentina stood at
6.7% of the economically active population, and year-on-year consumer
price index in the country grew 10.9% in 2011.
The country's exports grew 24% in 2011, compared with the previous
year, to more than $84 billion, and imports grew 31% to more than
$73 billion.
Rivera said that GDP growth is thought to slow down by 4.4% in 2012
and by 4% in 2013 because of the financial and economic crisis.
Armenian Commerce and Industry Chamber President Martin Sargsyan,
who spoke at the forum as well, said that the aim of this forum is
to present Argentina's economy and investment capacity to Armenian
entrepreneurs to enable them to single out those groups of Armenian
goods which can be competitive in the Argentine market.
"Trade and economic relations with Argentina started developing in
the first year of Armenia's independence, and the most successful
entrepreneur was Eduardo Eurnekian," he said. "Unfortunately,
relations between the two countries are developing disproportionately
- Argentina's investments in Armenia's economy total $200 million,
but things are different on the Armenian side."
According to the National Statistical Service of Armenia, investments
from Argentina grew 26.4% in Jan-June 2012, compared with the same
period a year earlier, to more than 7.3 million less loans extended
by state-governing institutions and the banking sector.-0-
From: A. Papazian
YEREVAN, October 19. /ARKA/. The Armenian-Argentine Trade and
Economic Forum, organized by Armenian Commerce and Industry Chamber
and Argentina's Embassy in Armenia, was launched Friday in Yerevan.
Argentine Ambassador to Armenia Diego Ernesto Alvarez Rivera,
speaking at the forum, presented Economic situation in Argentina and
the country's investment capacity to Armenian businessmen.
He said that his country's GDP grew 8.9% in 2011 mainly thanks to 9.1%
growth in services sector. Trade in commodities showed 7.4% growth.
The ambassador also said that unemployment rate in Argentina stood at
6.7% of the economically active population, and year-on-year consumer
price index in the country grew 10.9% in 2011.
The country's exports grew 24% in 2011, compared with the previous
year, to more than $84 billion, and imports grew 31% to more than
$73 billion.
Rivera said that GDP growth is thought to slow down by 4.4% in 2012
and by 4% in 2013 because of the financial and economic crisis.
Armenian Commerce and Industry Chamber President Martin Sargsyan,
who spoke at the forum as well, said that the aim of this forum is
to present Argentina's economy and investment capacity to Armenian
entrepreneurs to enable them to single out those groups of Armenian
goods which can be competitive in the Argentine market.
"Trade and economic relations with Argentina started developing in
the first year of Armenia's independence, and the most successful
entrepreneur was Eduardo Eurnekian," he said. "Unfortunately,
relations between the two countries are developing disproportionately
- Argentina's investments in Armenia's economy total $200 million,
but things are different on the Armenian side."
According to the National Statistical Service of Armenia, investments
from Argentina grew 26.4% in Jan-June 2012, compared with the same
period a year earlier, to more than 7.3 million less loans extended
by state-governing institutions and the banking sector.-0-
From: A. Papazian