Thursday, March 9 2017 11:35
Marianna Mkrtchyan

Tashir Group, Electric Networks of Armenia and Schneider Electric Company sign a cooperation agreement

Tashir Group, Electric Networks of Armenia and Schneider Electric Company sign a cooperation agreement

ArmInfo. In the framework of his official visit to France, Armenian President Serzh Sargsyan met with the members of the largest employer federation in France Mouvement des entreprises de France (MEDEF). The Federation is a link between the French entrepreneurs, leaders of different countries and private sectors, the press office of the Armenian President reports. 

This structure, which is responsible for international cooperation, promotes and supports activities of French enterprises and through the meetings such as this one creates opportunities for the companies to familiarize with and create conditions for the implementation of their programs. To the French companies working abroad it gives a chance to raise with the guests issues of interest and problems with the anticipation of finding solutions.  At the MEDEF President Serzh Sargsyan made a statement for the heads of French enterprises.  At the conclusion of the meeting, at the MEDEF office there took place the signing ceremony of the agreement on cooperation between the Tashir Group, Electric Networks of Armenia and Schneider Electric Company.

"The historically formed Armenian-French friendly relations form the base not only for our political but also economic relations. This inspires us with confidence that the parties are able to provide for the implementation of pretty large and ambitious economic programs," President Sargsyan noted.

The press office of the Armenian President quotes Serzh Sargsyan as saying, "In 25 years of her independence, Armenia has registered impressive results. Today we have a sustainably developing Armenia which withstands the often unpredictable changes of the global economy efficiently. Recent developments in the region, which were accompanied by the decline of economic indices and steep depreciation of national currencies, proved the vitality of Armenia's tax, credit, and financial policies.  These policies are constantly praised by our international partners and thanks to these policies our country is able to maintain a stable and predictable macro-environment. Success of the economic policy implemented in the country is proved by the reputable international indicators, and on this Armenia is registering a steady advancement each year.  Thus, according to the World Bank's Doing Business report, Armenia occupies the 38th place in the world in terms of simple terms for starting business, while according to the Heritage Foundation's economic freedom indicator we are at 33rd position which means this year alone we moved up by 21 points. Understandably, there are cases when unfavorable positions prompted by different indicators do not play a decisive role in making investments.  For instance, it looks like in case of the neighboring Azerbaijan, which is rich with energy resources, the anticipation of getting super profits, is pushing into the background the indicators which reflect the true situation with the country's economy. Macroeconomic stability alone is certainly not enough for sustainable economic growth. From the viewpoint of increasing our country's competitiveness, the most important thing for us is the constant improvement of the business and investment climate in Armenia, development of human capital, and modernization of the relevant institutions.  We were guided by the same philosophy when undertook constitutional changes in Armenia, which were adopted in

December 2015. With the new Constitution we made p to our state governance system, switching from the semi-presidential to a fully parliamentary system of governance. It is our deep conviction that these changes will also have their positive impact on the vivacity of the economic life in the country. The new Constitution underscores free economic competition, improvement of business environment, and has provision aimed at boosting up the entrepreneurship. Being a land-locked country with scarce energy resources, under blockade from two neighboring states, we have never bent to difficulties. On the contrary, these factors became a locomotive to move forward with the creative ideas and ingenuity of our people.  Thanks to a highly skilled labor force and human capital, today Armenia has become an innovative country which offers high technology solutions. Efforts aimed at the development of information and telecommunication technologies today yield results. In recent years, Armenia has been registering a 20-25% growth in this area, while its share in the GDP is close to 4%."

The President pointed out that even though the trade and economic indicators in Armenia are not gratifying at all, considering the entire of the Armenian-French agenda, potential existing in the Armenian-French bilateral economic relations should not be used to promote the commercial ties only. "We want the French capital to increase its share in Armenia and are ready to provide favorable investment conditions for French businesses," he noted.  "With this regard, I would like to highlight the consistent works carried out towards the encouragement of investments and their increased protection. For instance, in the framework of the implemented reforms it is envisaged to secure by law national and most favorable regimes, to define more precisely the guarantees provided to foreign investors, to allow the entrepreneurs to use the existing and future privileges in Armenia and take advantage of the improved mechanisms for the resolution of investment related disputes. 

Conditions are being created for the expansion of the state-private sector cooperation. To help the businesses and improve the business climate, consistent steps are being taken to reduce paperwork and simplify procedures, including in the tax and customs areas.  Serious steps are made to develop the export policy. Strategy developed by us stresses the importance of increasing exports because it could become the driving force behind the future sustainable growth.  In recent years, considerable steps have been made also aimed at the increase of Armenia's limited internal market. It's been two years that Armenia is a member to the Eurasian Economic Union. The Eurasian integration project has widened the economic borders of its members up to almost 1/7 of the world. It has created a large, almost 170 million strong market with no tax borders.  Days ago, in Brussels together with the President of the European Council Mr. Tusk we announced the conclusion of the negotiations on the new framework agreement with the European Union. The presence in the legal document of the economic component opens new opportunities for the economic activities not only for the Armenian but also European entrepreneurs. Moreover, if used properly and fully, opportunities provided by the agreement allow the economic potentials of the EU and EAEU to be used to mutual benefit.  Our traditionally good-neighborly relations with Iran and economic ties create a good opportunity for the European entrepreneurs to enter via Armenia the 80 million strong Iranian market. The shortest route linking together the seaports of the Persian Gulf and Black Sea also runs through Armenia.

The representative audience present at the conference inspires with confidence that it will be instrumental in opening new opportunities for our countries and for the creation of the best formula to utilize the existing formats of cooperation. I invite French companies to make investments in Armenia. I assure you that we are ready to show an individual approach to each investment project, certainly taking into consideration the needs of the investor.

Our Minister of Economic Development and Investments will make a more detailed presentation with regard to the possible areas and directions of cooperation. He will also present concrete programs," Serzh Sargsyan said.

POST A COMMENT
Input digits     


News
ArmSwissBank Brings Apple Pay to CustomersArmSwissBank Brings Apple Pay to Customers
Armenia participates in 80th session of UNESCAPArmenia participates in 80th session of UNESCAP
34th session of FAO Regional Conference will take place on May 14-17,  202434th session of FAO Regional Conference will take place on May 14-17,  2024
Armenian Economy Minister offers Japanese side to expand cooperation  in agriculture and water resources managementArmenian Economy Minister offers Japanese side to expand cooperation  in agriculture and water resources management
Vassilis Maragos assures: All efforts to be made for further EU  assistance to Armenian NPP Vassilis Maragos assures: All efforts to be made for further EU  assistance to Armenian NPP 
Armenia to study Lithuania`s experience in energy sectorArmenia to study Lithuania`s experience in energy sector
Armenian banks` profit increased by 18.8% per annum in Q1 2024 thanks  to similar growth in loan portfolioArmenian banks` profit increased by 18.8% per annum in Q1 2024 thanks  to similar growth in loan portfolio
Caring for nature, we have started with ourselves - Team Telecom ArmeniaCaring for nature, we have started with ourselves - Team Telecom Armenia
Delegation of Armenia`s Ministry of Finance hold important meetings  in Washington Delegation of Armenia`s Ministry of Finance hold important meetings  in Washington 
Monitoring of effectiveness of budget programmes to be conducted in  Armenia Monitoring of effectiveness of budget programmes to be conducted in  Armenia 
Up to 10% cashback from GetTransfer with IDBank cardsUp to 10% cashback from GetTransfer with IDBank cards
South Africa expresses interest in developing cooperation with  Armenia in jewelry and cutting industry South Africa expresses interest in developing cooperation with  Armenia in jewelry and cutting industry 
Armenia, UAE discuss possibilities of increasing mutual trade volumesArmenia, UAE discuss possibilities of increasing mutual trade volumes
Yerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientistYerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientist
KfW stands ready to support Armenian government  in implementation of  new projectsKfW stands ready to support Armenian government  in implementation of  new projects
Cooperation with German Fichtner company discussed Cooperation with German Fichtner company discussed 
Armenia, China can record much greater results both in economic and  political dialogue and cultural cooperation - MPArmenia, China can record much greater results both in economic and  political dialogue and cultural cooperation - MP
U.S. capital important for Armenia`s mining industryU.S. capital important for Armenia`s mining industry
Expert: When there is no trust between private and public sectors,  unfortunately, there is no need to talk about right decisionsExpert: When there is no trust between private and public sectors,  unfortunately, there is no need to talk about right decisions
Armenia introduces new rules for labeling carbonated, non-carbonated  watersArmenia introduces new rules for labeling carbonated, non-carbonated  waters
Arsen Bazikyan: Armenia`s agriculture is transforming into  agribusinessArsen Bazikyan: Armenia`s agriculture is transforming into  agribusiness
Armenia to join e-CMR protocolArmenia to join e-CMR protocol
Armenia`s government changes Kaps reservoir project funding Armenia`s government changes Kaps reservoir project funding 
Armenian FM, minister of economy of Saudi Arabia discuss development  of economic ties Armenian FM, minister of economy of Saudi Arabia discuss development  of economic ties 
IMF upgrades Armenia`s GDP growth forecast for 2024 from 5% to 6%,  expecting inflation at 3.1% and unemployment at 13%IMF upgrades Armenia`s GDP growth forecast for 2024 from 5% to 6%,  expecting inflation at 3.1% and unemployment at 13%
Armenia`s Deputy PM, Veolia Vice President discuss problems with  water supply to consumers Armenia`s Deputy PM, Veolia Vice President discuss problems with  water supply to consumers 
EEC Board decided to liberalize certain categories of precious  metals` import/exportEEC Board decided to liberalize certain categories of precious  metals` import/export
Earthquakes, drought could affect Armenia`s debt sustainability -  EFSDEarthquakes, drought could affect Armenia`s debt sustainability -  EFSD
Converse Bank starts initial placement of next AMD, USD bonds in  amount of AMD 5 billion, $10 millionConverse Bank starts initial placement of next AMD, USD bonds in  amount of AMD 5 billion, $10 million
USAID releases fact sheet following Joint EU-US-Armenia High Level  Meeting in Support of Armenia USAID releases fact sheet following Joint EU-US-Armenia High Level  Meeting in Support of Armenia 
Expert: Armenia has the potential to get high-quality and abundant  harvest of apricots this yearExpert: Armenia has the potential to get high-quality and abundant  harvest of apricots this year
EFSD presents assessment of potential impact of natural disasters on  debt sustainability of Armenia, Kyrgyzstan and TajikistanEFSD presents assessment of potential impact of natural disasters on  debt sustainability of Armenia, Kyrgyzstan and Tajikistan
Armenia is considering appointing attache in Silicon ValleyArmenia is considering appointing attache in Silicon Valley
Astana proposes joint investment programmes in Yerevan Astana proposes joint investment programmes in Yerevan 
Armenia, Kazakhstan have unrealized economic potential - premier Armenia, Kazakhstan have unrealized economic potential - premier 
Armenia, EU discuss expansion of economic cooperation Armenia, EU discuss expansion of economic cooperation 
Transavia airline starts operating route Lyon-Yerevan-LyonTransavia airline starts operating route Lyon-Yerevan-Lyon
EAEU and its economic principles should not be mixed with political  ambitions - Nikol PashinyanEAEU and its economic principles should not be mixed with political  ambitions - Nikol Pashinyan
Armenia, Australia to strengthen cooperation in high-tech field Armenia, Australia to strengthen cooperation in high-tech field 
Leasing EXPO -2024 officially opened in YerevanLeasing EXPO -2024 officially opened in Yerevan
Araratbank to double leasing portfolio by end of 2024Araratbank to double leasing portfolio by end of 2024
Armenian, Kazakh passenger and cargo carriers to be exempted from  road and environmental taxes on reciprocal basis Armenian, Kazakh passenger and cargo carriers to be exempted from  road and environmental taxes on reciprocal basis 
Economy Ministry jointly with Armenal, develop schemes to diversify  sales markets for enterprise`s productsEconomy Ministry jointly with Armenal, develop schemes to diversify  sales markets for enterprise`s products
Info about IT specialists leaving Armenia en masse has nothing to do  with reality - premierInfo about IT specialists leaving Armenia en masse has nothing to do  with reality - premier
WB improves Armenia`s   economic growth forecast for 2024 from 4.7%  to 5.5% WB improves Armenia`s   economic growth forecast for 2024 from 4.7%  to 5.5% 
Government is ready to share risks with agricultural insurersGovernment is ready to share risks with agricultural insurers
EIB to issue loan under energy efficiency programme to Armenia EIB to issue loan under energy efficiency programme to Armenia 
Deadline for filing personal income declarations in Armenia may be  extendedDeadline for filing personal income declarations in Armenia may be  extended
ADB intends to expand its areas of activity in ArmeniaADB intends to expand its areas of activity in Armenia
ADB forecasts 5.7% economic growth for Armenia in 2024ADB forecasts 5.7% economic growth for Armenia in 2024
Conversebank to present its Converse Leasing product at annual  Leasing ExpoConversebank to present its Converse Leasing product at annual  Leasing Expo
By rebranding, INGO Armenia IC begins new stage of developmentBy rebranding, INGO Armenia IC begins new stage of development
Some countries refusal to service Russian Mir bank cards against  common interests - Elvira NabiullinaSome countries refusal to service Russian Mir bank cards against  common interests - Elvira Nabiullina
USAID to invest additional $33mln in Armenia`s economy USAID to invest additional $33mln in Armenia`s economy 
Idplus Bonuses in Idram&IDBank ApplicationIdplus Bonuses in Idram&IDBank Application
Deputy PM: we are ready for any assistance to contribute cargo  aviation establishmentDeputy PM: we are ready for any assistance to contribute cargo  aviation establishment
Mkhitar Hayrapetyan on TV broadcasting agreement with RF: If our  proposals are not taken into account, we do not rule out possibility  of terminating agreement unilaterallyMkhitar Hayrapetyan on TV broadcasting agreement with RF: If our  proposals are not taken into account, we do not rule out possibility  of terminating agreement unilaterally
Armenia, Iran discuss organization of joint production in various  branches of economy Armenia, Iran discuss organization of joint production in various  branches of economy 
ADB ready to fund northern section of Sisian-Kajaran highway of  North-South transport corridor  ADB ready to fund northern section of Sisian-Kajaran highway of  North-South transport corridor  
Armenia`s Ministry of High-Tech Industry developing sectoral strategy Armenia`s Ministry of High-Tech Industry developing sectoral strategy 
Read more


Exchange rates
23.04.2024
RUB4.18-0.02
USD390.04-1.40
EUR415.63-1.21
GBP481.74-0.75
CAD284.60-0.69
JPY25.20-0.09
CNY53.82-0.22
CHF427.68-1.72