ARMENIAN – GERMAN BUSINESS FORUM HELD IN YEREVAN

PanARMENIAN.Net
17.09.2009 16:55 GMT+04:00

/PanARMENIAN.Net/ German Federal Ministry of Economy and Technology
is on a visit to Yerevan from September 17 -19. The visit aims at
strengthening of business relations in the sphere of agriculture, food
industry and energetics. Meeting between RA and German entrepreneurs
and visits to local organizations are on agenda. RA-German business
forum is organized by Armenian Development Agency (ADA).

"Germany is implementing rather active investment policy in RA,"
ADA Deputy Chairman Valeriy Shabanov told a news conference
on Thursday. According to him, as of now, the volume of German
investments in Armenia comprises %100 million and 5-year product
turnover (2004-2005) reached $ 1,5 billion. "There’s a great potential
for business collaboration development between RA and Germany. We
have a lot to learn from German colleagues, so the meeting will be
very productive," he noted.

Around the half of RA companies based on foreign capital, is comprised
by German companies.

In 2008 the turnover between the countries comprised $ 438.9 ($183.7:
exports, $ 255.2 imports). Armenia exports iron, steel copper and
metallurgic ores to Germany, and imports electronic equipment and
machinery.
From: Baghdasarian