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Germany Is One Of Largest Investors In Armenia's Economy : MFA

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  • Germany Is One Of Largest Investors In Armenia's Economy : MFA

    GERMANY IS ONE OF LARGEST INVESTORS IN ARMENIA'S ECONOMY : MFA

    YEREVAN, March 15. /ARKA/. Germany is one of the largest investors in
    Armenian economy, Foreign Minister Edward Nalbandian told his German
    counterpart Guido Westerwelle in Berlin yesterday.

    According to Mr Nalbandian, Germany supports the implementation
    process of the programs targeted at the republic's development.The
    National Statistical Service of Armenia states Germany invested $36.6
    million in the real sector of Armenia over the nine months last year,
    an increase by 92.4% (1.9 times) from the same period in 2011.

    Armenia's Ministry of Foreign Affairs reported Mr Nalbandian
    highlighted the Armenian-German relations had been developing steadily
    since the independence of Armenia, and they had got a new impetus
    over the past years.

    The minister expressed his confidence that the sides will succeed in
    deepening the bilateral ties through joint efforts.

    "The Armenian peacekeepers fulfill their mission in Afghanistan jointly
    with the German contingent, and the cooperation in this format proved
    its efficiency," he noted.

    Mr Westerwelle, on his side, said he was pleased with the high level
    of the bilateral political dialogue and noted Germany is interested
    in deepening cooperation.

    The sides confirmed the cooperation is progressing in multilateral
    formats, interparliamentary ties and business contacts are broadly
    expanding.

    The officials also discussed the perspectives for implementing some
    joint cultural programs, and issues related to security and stability
    in the South Caucasus as well as the recent developments around Iran's
    nuclear program.

    Mr Nalbandian also reported to his German counterpart on the
    negotiation process over the Nagorno-Karabakh conflict settlement.

    The ministers agreed to continue meetings within the frames of visit
    and multilateral forums.

    Nalbandian headed to Athens following his visit to Germany. -0-

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