Lithuanian exporters expect breakthrough in Armenian market

Baltic News Service / – BNS
November 27, 2014 Thursday 9:01 AM EET

Lithuanian exporters expect breakthrough in Armenian market

VILNIUS, Nov 27, BNS – While Armenia, with a population of three
million people, will not become an alternative to Russia, Lithuanian
food industry companies see a market for their own-branded products in
the country and there is also a potential for food equipment, timber
and construction industry companies, the business daily Verslo Zinios
reported on Thursday.

Lithuanian food and beverage companies say that a business mission to
Armenia surpassed their expectations.

“It is difficult to establish contacts there without help. Armenians
do not answer emails, especially if there was no direct contact.
During that visit, meetings were arranged for us with the four largest
retail chains and 25 largest food and beverage importers,” Giedrius
Bagusinskas, director of the Lithuanian Food Exporters’ Association,
told the paper.

“It happened that our delegation was the first to meet with the French
retail chain Carrefour, which is launching operations in Armenia,” he
said.

It is possible for Lithuanian companies to enter the Armenian market
with their own brands, especially those that are already on the
shelves of stores in the CIS, the director said.

From: A. Papazian