ArmInfo. Shaula International Armenian residence company established in Armenia last year, will be represented in Italia within nearest months. The company will become the official resident of DFA (Development Fund of Armenia). This was stated by Fabio lenzi, the Chief Executive of Shaula International, during his conversation with ArmInfo reporter via phone.
"We are intended to open a mission office in Italia during one-two months and to become a bridge between Armenian and Italian business partners," he said. The head of Shaula International mentioned also that the company will be specialized in the issues of market research and legal support of business partnership, promoting Armenian-Italian trade economic and investment partnership. Lenzi informed also, that one of law firms in Rome appears as a Shaula International partner, and will provide the legal aspects of Armenian and Italian companies activities.
The Company of Shaula International is not registered at European databases yetand was created last year in Armenia. Its connection to Italy by now is restricted only by Italian origin of one of its co-founders. The information stating the details of company's activities is missing at the company's website yet. According to the official information of the Fund, shared with ArmInfo earlier, the Chief Executive of DFA Armen Avagyan and Shaula International Executive Director signed a memorandum on mutual understanding. The ceremony was attended by Ambassador of Italy to Armenia Giovanni Ricciulli. Within the framnework of the memorandum mentioned, the cooperation assumes the stimulation of investments environment and Armenian business opportunities in Italy" Now and on Shaula becomes responsible for representing Armenian business in Italy, for creating stronger business relations and bilateral connections," DFA press-release states.
In his turn, the head of Shaula International mentioned" We are ready to undertake all the efforts necessary to implement this project, to attract more investments and entrepreneurs in Armenia, to support tourism and export".
According to Armenian National Statistic Service, foreign trade turnover between Armenia and Italy in 2016 totaled $160.8 mln with annual drop of 11.2%. Particularly, export decreased for 2% to $31.8 mln with export drop for 13.2% to $129 mln.