Polish Investments In Armenia’s Economy Do Not Meet Full Potential :

POLISH INVESTMENTS IN ARMENIA’S ECONOMY DO NOT MEET FULL POTENTIAL : DEPUTY MINISTER

YEREVAN, April 22. /ARKA/. Polish investments in Armenia do not
merely meet the commercial and economic potential between the two
states despite the growth in trade turnover, deputy economy minister of
Armenia Ara Petrosyan said Monday at the opening of the Armenian-Polish
business forum “Armenia and Poland: investment climate of Armenia.”

The forum is a part of the third Armenian-Polish intergovernmental
commission in Yerevan.

“We have good perspectives for cooperation in pharmaceutical and
processing industries, energy, electronics, biotechnology, industrial
design, tourism and telecommunications,” Petrosyan said.

He also highlighted Armenia’s achievements in improving business
environment reminding that “Doing Business 2013” ranked Armenia 32nd
out of 185 (higher by 18 positions from a year earlier).

Deputy Minister added the participation of Polish businessmen in
Armenia’s economic free zones is very important for the republic.

“We should undertake all the possible measures to promote further
development of direct ties between housing subjects of our countries,”
he said and added that all the issues related to cooperation
development should also be discussed.

According to the National Statistical Service of Armenia, the trade
turnover between Armenia and Poland climbed by 16.3% to $42.4 million
in 2012 from 2011.

Export to Poland dropped by 35.3% to $599,300 in 2012 from 2011. -0-

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