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 Monday, November 26 2018 18:09
Alina Hovhannisyan

Piotr  Switalski: Economic reforms in Armenia will open wide the  doors for European business

Piotr  Switalski: Economic reforms in Armenia will open wide the  doors for European business

ArmInfo."I believe that the ongoing economic reforms in Armenia will open wide the doors for European business, which will enter the Armenian market with  investments, and all citizens of Armenia will benefit," said the  International Business Network of European Business Companies (EBO  WWN) 26 November Extraordinary and Plenipotentiary EU Ambassador to  Armenia Piotr  Switalski.

He stressed that the holding of the conference is extremely important  in terms of enhancing the image of Armenia and the formation of the  Armenian brand in the international arena, particularly in those  countries whose representatives participate in the conference.

In turn, EBO WWN Chairman Renato Pacheco Neton noted that the  conference brings together about 40 non-EU countries.

<This is very important for Armenia. And the choice of the venue for  the annual conference was not accidental for Armenia, which is a key  partner, "the EBO head told WWN. According to R. Pacheco Neton,  Armenia may be interesting for European business from the point of  view of information technology, agriculture and health.

Executive Director of the Business Armenia Foundation Armen Avak  Avakian noted that during the conference, in which business  associations from over 40 thousand companies participate, intend to  recommend participants to invest in the Armenian economy, namely in  IT, agriculture and tourism. <Those countries where the private  sector works in tune with the state, business is developing more  dynamically.  Therefore, today it is very important, the interaction  of the public and private sectors, "he said.

Note that EBO WWN was established in 2001 with the support of the  European Commission's Directorate General for Domestic Market,  Industry, Entrepreneurship and SMEs. The network includes 38 European  business organizations operating around the world. Armenia joined the  International Network of European Business Companies in 2016.

According to the RA Statistics Committee, the foreign trade turnover  between Armenia and the EU in January-September 2018. amounted to $  1.3 million, with an annual growth of 27.9%. In particular, exports  increased by 14.9% to $ 531.4 thousand, while imports grew by 37.9%  to $ 828.1 thousand.

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