ARKA News Agency
Aug 23 2005

AUSTRIA INTENDS TO SUPPORT ARMENIA IN SMALL AND MEDIUM BUSINESS
DEVELOPMENT

YEREVAN, August 23. /ARKA/. Austria intends to support Armenia in
small and medium business development, RA Deputy Minister of Trade
and Economic Development Tigran Davtyan told journalists at the
signing ceremony of the protocol of the meeting of the Armenian
-Austrian Intergovernmental Commission on Economic Cooperation. He
said that Austria and Armenia intend to cooperate in small and medium
business development within the Small and Medium Enterprises
Development National Center (SME DNC). Co-Chairman of the
Armenian-Austrian Intergovernmental Commission, General Director on
Foreign Economic Relations of the Federal Ministry of Economy and
Labor of Austria Johan Zaks said that SME’s share in Austrian economy
makes 99.4%. “Small and medium-size business is the base of our
economy. Their advantage is quick response to the needs of the market
and clients. We intend to support Armenia in small and medium
enterprise development and are ready to train managers for these
enterprises”, Zaks said.
During their 3-day stay in Armenia the Austrian delegation hold
negotiations at the RA Ministry of trade and Economic Development,
Ministry of Environmental Protection, and met with representatives of
SMEs.
This was the second meeting of the Armenian-Austrian
Intergovernmental Commission. The first meeting was held in Vienna
two years ago. That time the side agreed on bilateral cooperation.
A.A. -0–

From: Emil Lazarian | Ararat NewsPress