Papoyan offered German companies to consider the possibility of starting their business in Armenia

On May 27, Minister of Economy Gevorg Papoyan received the delegation led by Stefan Blechschmidt, director of the German Thuringia Development Association (LEG Thüringen). Deputy Minister Narek Hovakimyan was also present at the meeting. Representatives of German companies attended the meeting with the support of the Eastern Business Committee of the German Economy (Ost-Ausschuss). The minister emphasized the growth of trade turnover between Armenia and Germany, noting that all existing potential should be used. "I would like to note with satisfaction the activation of mutual visits of official delegations and representatives of business sectors and active interaction in various sectors of the economy in the recent period. I can state that the cooperation between the two countries in a number of fields is already based on high quality, which is a good basis for further deepening of economic cooperation," the minister noted. During the meeting, Gevorg Papoyan briefly presented the current state of Armenia's economy, the state policy implemented in the sector, the favorable investment environment created in the country, as well as the support tools provided to companies. Possible branches of cooperation and the possibility of holding an Armenian-German business forum were discussed. The minister offered German companies to consider the possibility of starting their business in Armenia. The meeting continued in a question-and-answer format. The "Crossroads of Peace" project and the opportunities provided by its implementation were also presented.