Pan Armenian News

VOLUME OF DUTCH INVESTMENT IN ARMENIAN ECONOMY TO INCREASE

11.06.2005 03:19

/PanARMENIAN.Net/ An agreement over encouraging investments and mutual
security is signed by Armenia and the Netherlands, Armenian Minister of
Finance and Economy Vardan Khachatryan stated at a press conference in
Yerevan. The agreement was signed by Vardan Khachatryan and Dutch Deputy
Prime Minister and Minister of Finance Gerrit Zalm. The latter noted that
there is development of the Armenian economy available. In his words much
has changed after his first visit to Armenia in 1995. As noted by Mr. Zalm,
Armenia and the Netherlands have common interests within the cooperation
with the IMF and the WB and within that period of time close relations were
established. In his words, the agreement will promote growth of investment
in Armenian economy. The document provides for protection of the holdings of
the investors. It also determines the obligation of each of the parties to
secure a fair and equal regime for investments of the other party. The order
of resolution of disputes between the investor and the other party over the
investment made is also established.