ARMENIAN PRESIDENT, ITALIAN MINISTER DISCUSS BUSINESS DEVELOPMENT

Mediamax News Agency, Armenia
Oct 6 2005

Yerevan, 6 October: Armenian President Robert Kocharyan thinks that
Italy’s experience of cooperation between small and medium-sized
businesses and foreign trade may be very useful for Armenia.

Armenian President Robert Kocharyan said this in Yerevan today at
a meeting with Italian Foreign Trade Minister Adolfo Urso. Robert
Kocharyan praised the pace of the development of Armenian-Italian
relations, noting that the political dialogue has become more active in
the recent period and the commodity turnover between the two countries
has increased. The president said that almost all Italian investment
in Armenia has been successful.

Adolfo Urso pointed out that commercial chambers are sufficiently
developed in Italy. He discussed the possibilities of using this
experience in Armenia with his Armenian counterpart.

The parties also discussed assistance to the development of small
and medium-sized business. The Armenian president noted that small
and medium-sized entrepreneurship and family businesses are priority
directions of country’s economy.