Armenia Minister of Economy, Ambassador of Germany discuss  opportunities for enhancing bilateral cooperation

ArmInfo. Gevorg Papoyan, the Minister of Economy of Armenia, received Claudia Busch, the newly  appointed Ambassador of Germany to the country, along with Letizia Carnevali, the portfolio manager of the Armenian office of GIZ.  As ArmInfo was informed by the press service of the Ministry of Economy  of Armenia, Papoyan congratulated the Ambassador on taking office at the beginning of the meeting and expressed belief that her activities will enhance multi-faceted relations between Armenia and Germany.

A wide range of issues of mutual interest were discussed at the  meeting, including the progress of the implementation of current  programs between the two countries, further steps to expand bilateral  cooperation, and prospects for long-term and stable economic  development.  The interlocutors touched upon such topics as economic  diversification, agricultural programs, ecology and energy, high  technologies, tourism, support for small and medium businesses, and  more. Note that according to the Statistical Committee of Armenia,  the volume of foreign trade between Armenia and Germany in  January-August 2024 reached $314 million, showing a 29.9%  annual  decline. In particular, exports decreased by 29.9% to $40.3 million,  and imports decreased by the same amount to $273.7 million.