Monday, September 23 2019 12:44
Alina Hovhannisyan

One of the world`s largest environmental management companies,Spanish  Urbaser, interested in the Armenian market

One of the world`s largest environmental management companies,Spanish  Urbaser, interested in the Armenian market

ArmInfo. Spanish company Urbaser, expressed interest in the opportunity to enter the Armenian market. This was stated during a meeting with RA Deputy Prime  Minister Tigran Avinyan, a member of the Board of Management of  Urbaser and former Executive Director of Electricite de France Henri  Proglio .

According to the press service of the government, during the meeting  the parties discussed prospects for cooperation in the field of urban  sanitation and waste management, transport and energy  infrastructures.  According to the source, the Deputy Prime Minister  touched on the main political and economic reforms in Armenia over  the past year and a half, the pace of economic growth, improving the  business and investment environment, the government's work with  investors. In turn, the head of Urbaser International Business, Ramon  Rebuelta, presented the company's areas of activity in 22 countries.

It should be noted that according to the RA Statcommittee, the total  accumulated investments of Spain in the economy of Armenia as of June  1 amounted to $ 3.6 million, of which FDI - $ 2.8 million. Over the  past year and a half, Spanish investments in the Armenian economy  have not been recorded.

The foreign trade turnover between Armenia and Spain in January-July  2019 decreased by 15.1% to $ 18.9mln. Exports showed an increase of  22.1%, amounting to only $ 384.5 thousand, with a decrease in imports  by 15.6% to $ 18.5mn. In 2018, the foreign trade turnover between the  countries increased by 0.8% to $ 37.2 million. At the same time,  exports decreased by 77% to $ 393.9 thousand, against the background  of growing imports - by 4.6% to $ 36.8 million.

Urbaser is a global leader in environmental management, a global  company focused on sustainable development, operating in 22  countries, has a huge network of more than 40,000 employees and more  than 160 subsidiaries in different countries of the world. The  company is engaged in sanitation in 880 different cities and  municipalities of the world, manages green areas. Urbaser recycles  more than 23 million tons of municipal solid waste per year and  maintains cleanliness on more than 45,000 kilometers of streets  around the world. In this area, more than 20,000 people are employed,  serving more than 59 million citizens. In Spain alone, the company  fully or partially services garbage collection in 50 cities,  including Madrid and Barcelona. In 2018, the company's turnover  amounted to almost 1.9 billion euros.

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