PROJECT ON PROMOTION OF ARMENIAN-BELGIAN JOINT BUSINESS PROJECTS IMPLEMENTING

ARMENPRESS
APRIL 26, 2010
YEREVAN

YEREVAN, APRIL 26, ARMENPRESS: The "ArmenWal- Facilitating Industrial
Partnerships between Armenian and Walloon (Belgium) Entrepreneurs"
project, aimed at promoting the implementation of Armenian-Belgian
joint business projects, is currently being implemented by the
Foreign Trade and Investment Agency of Wallonia, Kingdom of Belgium
and Armenian Development Agency in partnership with the United Nations
Industrial Development Organization (UNIDO) and RA embassy to Belgium.

An official from the press and information department of RA Foreign
Affairs Ministry told Armenpress that the process of implementation
of ‘ ArmenWal’ is consisted of several rounds. In the first round
the organizers will make their selection from the organizations
and enterprises, interested in cooperation and joint activities in
the spheres of business and industry. For this purpose a business
conference on the issues concerning the implementation of the project,
as well as the possibilities of establishing business ties with
Armenia was held April 22 in Namur, Belgium.

During the conference some information was provided on Armenia’s
economy, economic policy and the possibilities of implementing joint
projects with Armenia. Chief executive of the Armenian Development
Agency made a report about Armenia during the conference. In this
round the Belgian side is to make the list of interested companies
from the spheres of agriculture/farming, marketing, construction,
accounting, insurance, internet providing, etc. Seminar on organizing
and preparation works with the selected companies will be held June
3 in Brussels, at which the next steps, intended to be taken, will
be discussed. Joint business meeting will be organized September in
Armenia, where the selected Belgian and Armenian companies will discuss
issues on the concrete business projects and their implementation
in detail.

The project, which is aimed at drawing the attention of investors
from Belgium, is being implemented only in Armenia and does not have
a regional importance.