Czech Rep Signs Agreement On Cooperation With Armenia

CZECHREP SIGNS AGREEMENT ON COOPERATION WITH ARMENIA

CTK Business News Wire
Czech Rep.

June 4, 2012 Monday 8:06 PM (Central European Time)

Petr Kuzel, president of the Czech Economic Chamber, signed an
agreement on mutual cooperation with his Armenian counterpart Martin
Sargsyan in Yerevan today, Economic Chamber spokeswoman Lenka Vodna
has told CTK.

The agreement should contribute to the development of trade relations
between the Czech Republic and Armenia, Vodna said.

Kuzel was today received in Yerevan by Armenia’s Deputy Minister of
Economy Tigran Harutyunyan.

“The main topics of our discussion were above all the energy industry,
solar energy and investment in infrastructure. We also discussed the
possibilities of investors’ support by the Czech Export Bank, among
other things,” Kuzel said.

All these topics are in line with the Czech Republic’s new export
policy, he said.

Kuzel also met Yerevan mayor Taron Margaryan with whom he talked about
possible contracts for Czech companies with the Armenian capital city,
for example.

“To be more specific, we discussed with Mr. Mayor a supply of new
buses for Yerevan’s public transport, for example, as part of which
the key parameters will be communicated through both the chambers,”
Kuzel said.

Czech exports to Armenia increased almost three times year-on-year to
Kc1.518bn last year from Kc532m in 2010, according to data of the
Czech Statistical Office (CSU).

The main part of the exports was made up of aviation technology which
accounted for almost Kc1bn of the value.

In contrast, the value of Armenian goods imported to the Czech
Republic stagnated at Kc47m in 2011.

From: Baghdasarian