ARMENIA ASPIRES TO SILICONE VALLEY

/PanARMENIAN.Net/
13.05.2009 11:42 GMT+04:00

/PanARMENIAN.Net/ A regular meeting of the Armenian-American
intergovernmental working group is being held in Yerevan under
chairmanship of RA Minister of Economy Nerses Yeritsyan.

"The Armenia-U.S. cooperation will allow Armenian manufacturers to
enter new markets and to attract new investors. Engagement of our
companies in the work of Silicone Valley will also be discussed,"
Minister Yeritsyan said.

Some $238 million was invested in Armenian economy from 2000 to
2008. In 2008, investments amounted $30 million. Trade turnover
totaled $52 million (export) and $219 million (import).

As of January 1, 2009, 535 U.S. organizations are registered in
Armenia.