Tuesday, January 24 2023 11:06
Alina Hovhannisyan

Italian businesses interested in Armenia`s investment environment 

Italian businesses interested in Armenia`s investment environment 

ArmInfo. A number of Italian businessmen are interested in investment projects in various branches of Armenia's economy, Armenia's Minister of Economy Vahan Kerobyan wrote in a Facebook post as he referred to the results of his meeting  with an Italian business delegation. 

Mr Kerobyan briefed the Italian businessmen on Armenia's economy,  development trends and highlighted the importance of expanding  cooperation and attracting investments. He also informed the Italian  businessmen of a pilot programme of agricultural land consolidation,  and the Italian partners showed interest. 

The sides discussed draft investment programmes of hothouses and  swine-breeding, as well as the possibility of developing solar power  and green hydrogen facilities in Armenia. 

Last January-November 2022, Armenian-Italian trade totaled $303.1bln  - a 15.4% year-on-year increase.  Exports totaled $60mln (a 4.6%  increase), and imports, $243.1mln (18.4%).