Saturday, April 18 2026 11:59
Marianna Mkrtchyan

Potential for expanding Armenian-Spanish economic cooperation  discussed in Yerevan

Potential for expanding Armenian-Spanish economic cooperation  discussed in Yerevan

ArmInfo.  Armenian Deputy Minister of Economy Anushik Avetyan discussed with a Spanish business delegation the possibility of expanding Armenian-Spanish economic cooperation in the areas of trade, investment, industry, services, tourism, communications, and the development of ties between small and medium-sized enterprises.

According to the press service of the Armenian Ministry of Economy,  the delegation members represented various sectors, including SME  representation, industrial production, metallurgy and commercial  industry, legal and business consulting, media, fashion, and retail.  It was noted that such a multi-sectoral composition provides a good  basis for deepening practical and substantive cooperation between the  two countries. It was emphasized that Armenia attaches great  importance to the development of economic relations with Spain and is  ready to contribute to the formation of new partnerships. In this  context, special attention was paid to areas where Armenia and Spain  can combine their competitive advantages, particularly in industry,  engineering solutions, professional services, communications, and  strengthening business ties.

Potential for cooperation in the tourism sector was also discussed,  taking into account the existing framework for cooperation between  the two countries and the prospects for launching direct flights,  which could further stimulate both tourist flows and business ties.

The important role of small and medium-sized enterprises as a key  factor in promoting economic flexibility, innovation, and employment  was also emphasized. It was noted that Armenian-Spanish cooperation  can develop not only through large-scale projects, but also through  direct collaboration between companies, business associations,  chambers, and service providers. The Ministry of Economy of the  Republic of Armenia confirmed its readiness to support the  establishment of new ties and the development of mutually beneficial  cooperation between the business communities of Armenia and Spain.