ArmInfo. The first investment forum "10 years after Prague" is held in the Georgian resort town of Batumi as part of the Eastern Partnership program of the European Union. The delegation of Armenia, headed by Deputy Minister of Economy Avag Avanesyan, takes part in the forum.
According to the press service of the Ministry of Economy of the Republic of Armenia, the purpose of the forum is to create an effective platform for cooperation between entrepreneurs of the Eastern Partnership countries, assistance in the implementation of investment programs, especially in the areas of infrastructure, energy, agriculture and industry.
Representatives of the Armenian delegation at various sites of panel discussions presented the investment potential of Armenia and investment programs. In particular, Deputy Minister of Economy Avag Avanesyan noted that the well-being and development of the Republic of Armenia largely depends on the well-being and development of neighboring states. The economic development of the country in Armenia is seen in the export to the world markets of competitive engineering and technological solutions, examples of which are TUMO and Armath.
The Deputy Minister of Economy added that there are more than 250 "Armath" engineering laboratories in Armenia, in which more than 6,500 children receive free engineering education. The Deputy Minister also touched upon the EU program "Innovations in Armenia" in cooperation with TUMO to support students studying in such disciplines as technology, mathematics and other fields of science in order to gain practical experience in their field of knowledge. The conference participants noted the work done in the direction of TUMO, emphasizing that it can be an example of good practice for the Eastern Partnership countries.
Avag Avanesyan also presented EU-funded assistance programs in Armenia that influence the economic development of the country, the availability of markets, the investment and business environment, as well as the development of small and medium-sized businesses. He also stressed the importance of deepening cooperation between the Eastern Partnership member states and expanding trade and economic ties, which will help improve the investment environment in the countries and increase investment and economic integration.
The investment forum dedicated to the Eastern Partnership Decade was organized jointly by the EU Commission and the Government of Georgia. The conference was attended by representatives of governments and business circles of the Eastern Partnership countries, as well as senior officials from the EU, EU member states and international organizations.
The event was also attended by President of the EU Council Donald Tusk, Georgian Prime Minister Mamuka Bakhtadze, representatives of the ministries of economy of the Eastern Partnership countries.