NEWS

Deputy FM Gerontopoulos says 'business environment favourable for investments'

Deputy FM Gerontopoulos says 'business environment favourable for investments'

Deputy Foreign Minister Kyriakos Gerontopoulos on Tuesday said Greece is interested in expanding Greek-Armenian relations to new sectors of cooperation - including the economy, trade and investments, while addressing the “Greece-Armenia Business Forum 2014” held in Yerevan. Gerontopoulos is currently on a visit to the Armenian capital, accompanying President Karolos Papoulias on his formal visit to Armenia.

Addressing the Greek and Armenian business people at the forum, Gerontopoulos underlined that the environment for investments and business in Greece was very favourable and that promoting business cooperation is a top priority in Greek foreign policy.

He said that the Armenian-Greek Chamber of Commerce & Industry and Greece's position as an EU member-state, as well as Armenia's position as a future member of the Customs Union and the Eurasian Economic Union (EEU), can play a decisive role in an increase of bilateral trade transactions.

The Greek minister also signed a bilateral cooperation agreement in the agricultural sector with his Armenian counterpart Sergo Karapetyan, in the presence of the presidents of Greece and Armenia, Karolos Papoulias and Serzh Sargsyan, respectively.

The five-year agreement, which can be renewed until one of the two sides decides to end the cooperation, is aimed at improving the exchange of agricultural products for the benefit of both countries and at conveying Greek know-how to Armenia. The two countries' bilateral cooperation will involve the exchange of scientific and technical information, exchange of visits by sector experts, seminars, conferences, and trilateral cooperation with other countries.