Time in Yerevan: 11:07,   20 April 2024

Armenia and Cyprus intensify business ties

Armenia and Cyprus intensify business ties

YEREVAN, DECEMBER 22, ARMENPRESS. Chief Executive Officer of the M. Target Group (Cyprus) Odysseas Melikides is visiting Armenia to explore opportunities to enhance Armenia-Cyprus business ties.

Speaking at a press conference in Yerevan, Melikides mentioned that there’s little information about Armenia in Cyprus. “Many in Cyprus are unaware of the business opportunities in Armenia and Armenian products,” he said. “We are here to study the conditions on spot and establish new contacts. We’ve already met with local businessmen from various sectors, beverage production, textile, IT. We’ve discussed the main issues regarding access to foreign markets. This is my first time in Armenia and I am very impressed. For 2024, we have the goal to help Armenian businessmen enter not only the European market, but also to make businessmen in Cyprus get to know the Armenian market. There’s big potential to intensify the cooperation and we must work,” Odysseas Melikides said.

The visit is organized by the Council of the International Business Relations Support.

Mariam Manukyan, the President of the Council of the International Business Relations Support, said that she visited Cyprus together with a business delegation earlier this year. She said that her partners in Cyprus are engaged in serious work to intensify economic ties and raise awareness about customs and tax regulations. The most various sectors are being considered : tourism, textile, beverage production and IT.

The experts said that Cyprus could be a window for Armenian businessmen towards Europe, in addition to being a good market itself.

A business forum and expo will soon take place in Cyprus.

In addition to Cyprus, the Council of the International Business Relations Support will also work in other directions, such as the Czech Republic and the U.S.








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