Armenia and Montenegro intend to cooperate in investment protection area

ArmInfo. Armenia and Montenegro intend to cooperate in the area of attraction and protection of investments. The decision to sign the relevant agreement was approved at the Armenian Government's sitting on Feb 11.

Armenian Minister of Economy Karen Chshmarityan said that the intergovernmental agreement on stimulation of investments and their mutual protection provides an opportunity to create favorable conditions for the two countries' investors on the basis of equality and mutual benefit and to foster the development of business initiatives. The agreement guarantees full protection and insurance.  The minister added that Montenegro will become the 33rd country Armenia is concluding such an agreement with.