ArmInfo. Italian entrepreneurs are showing investment interest in the Armenian market. According to the official report of the Ministry of Economy, the head of the Armenian economic department Vahan Kerobyan held a meeting with representatives of a number of Italian companies that intend to implement investment projects in Armenia in various sectors of the economy.
According to the source, the parties discussed draft investment programs, two of which relate to cattle breeding and pig breeding. In addition, Italian entrepreneurs plan to build a sterlet fish farm in Armenia, set up a large-scale production of high-quality caviar, and also organize a greenhouse production of iceberg lettuce. It is reported that the programs will be implemented with the introduction and use of innovative equipment.
Reiterating their interest in effective activities in Armenia, the Italian entrepreneurs noted that the purpose of this mission is to discuss in more detail the format of cooperation with the Armenian side, learn about the current legislative field in Armenia, state support instruments and possible risks arising in the course of activities.
In turn, Minister Kerobyan expressed readiness on behalf of the Ministry, to contribute to the speedy implementation of the planned projects.
According to the source, this is the second meeting of the Italian business delegation with the Minister of Economy. The previous meeting took place in February this year.
It should be noted that according to the RA Statistical Committee, the foreign trade turnover between Armenia and Italy in 2021 increased by 24%, providing a volume of $287.7 million. At the same time, exports amounted to $63.5mln, which is 55% higher than the indicator of a year ago, imports - $224.2mln, with a y-o-y growth of 17.3%.
The volume of mutual trade between Armenia and Italy in the first two months of 2022, increased by 17.9% to $37.4 million. In particular, exports showed a 2.1-fold increase to $10.7 million, imports - by 0.2% to $26.7 million.
