Tuesday, November 29 2016 15:08

Artak Davtyan: German politicians propose to speed up procedure of ratification of investment programs in Armenia

Artak Davtyan: German politicians propose to speed up procedure of  ratification of investment programs in Armenia

ArmInfo. Unlike Azerbaijan,  where Germany has stopped implementation of a number of programs, in  Armenia such programs will be continued and expanded, Head of  Armenia-Germany parliamentary friendship group Artak Davtyan stated  presenting the results of his visit to Germany and meetings held with  German counterparts. 

He recalled that Germany is the leader among the European countries  by the amount of investments in Armenia. Since 1990 Germany has  invested about 825 mln EUR into Armenia's economy. "During the  meeting German counterparts proposed to speed up procedure of  ratification of investment programs, as well as expressed wish that  Armenian side will demonstrate more coordinated approach to their  implementation", the MP stressed. The politician added that the  German side is ready to finance programs with participation of only  Armenian side as well as multisided programs for example with Georgia  and other regional countries' participation. 

To note, earlier German Ambassador Matthias  Kiesler said that in  2016 alone Germany has provided new financial allocations worth 54.4  mln EUR to Armenia. In addition, Germany will provide 22 mln EUR to  support the regional projects, which are being implemented mainly  within the frames of technical cooperation.  Together with the US and  the EU, Germany is a large financial donor partner of Armenia, he  noted.  

To note, according to the National Statistical Service of Armenia, in  Jan-Sept 2016, the total amount of commodity turnover between Armenia  and Germany totaled $231 mln, down 4.7 % versus Jan-Sept 2015.   Exports amounted to $97.1 mln (down 5.4%), while imports totaled  $133.9 mln (down 4.1%). 


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