Germany is the second

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GERMANY IS THE SECOND
[06:28 pm] 28 November, 2008

The Prime Minister of Armenia, Tigran Sargsyan, received the
Ambassador Extraordinary and Plenipotentiary of Germany to Armenia
Andrea Victorin and Director of the German Technical Cooperation
Company Frank Tibitantsel.

The Prime Minister appreciated the Armenian-German cooperation, noting
that the Federal Republic of Germany is the second large investor in
Armenia after the United States. The parties attached importance to
the programs the German Technical Cooperation Company implements in
Armenia within the framework of bilateral technical cooperation. The
guests informed the Prime Minister about the intention of opening an
Office of the German Technical Cooperation Company in Armenia in the
near future, which, according to them, will contribute to the
development of bilateral cooperation.

Frank Tibitantsel turned to the importance of new programs of
encouraging especially the private companies. One of them is a
regional program, which has already started and is called a `Program
of promoting the private economy in the South Caucasus. The German
side has had a number of meetings in Armenia with state and private
representatives to clarify the directions of cooperation.

The German Ambassador and the Director of the German Technical
Cooperation Company attached importance to working out and
implementing steps in the direction of promoting the exports,
improving the food security, eliminating the obstacles in the sphere
of trade.

Stressing the importance of the above-mentioned approaches, the Prime
Minister underlined that the Armenian Government prioritizes the
programs targeted at promoting the economic growth in the
country. According to Tigran Sargsyan, today this issue is urgent not
only for Armenia, but also for world economy, in general. Any
investment program in Armenia should be considered from that point of
view, the Prime minister said.