YEREVAN, FEBRUARY 11, ARMENPRESS. Armenia will welcome the expansion of Czech capital in its economy. Minister of Economy of Armenia Karen Chshmaritian announced about this at the opening of “Armenia-Czech Republic” business forum. He stated that Armenia can become a prospective partner for the Czech Republic in terms of establishing reliable partnership. “Our bilateral economic relations have development potentials. I can confidently state that a favorable business and investment environment has been formed in Armenia”, “Armenpress” reports, Karen Chshmaritian said, adding that Armenia has already discovered a number of Czech companies and brands. He stated that Armenia is a country of opportunities with educated and hardworking human resources, as well as with favorable partnering ties with different countries.

The Minister informed the Czech colleagues that Armenia has a FTA with almost all CIS states, and became a EAEU member last year, as well as makes use of EU’s GSP+ preferential regime. “Armenia’s integration with the EAEU can open new opportunities for foreign investors, which can enter the mentioned market via Armenia undergoing a simplified procedure”, Chshmaritian added.

Referring to the lifting of sanctions from Iran, the Minister noted that it is a new opportunity for local and foreign entrepreneurs operating in Armenia. “Armenia is ready to become the center of world business interests, including Czech Republic’s”, the Minister said, adding that the traditional Armenian hospitability and the living conveniences for the businessmen and their families are other options in addition to the friendly investment environment.

He suggested major Czech companies to study the opportunities of establishing headquarters in Armenia.

On February 11-12 Minister of Trade and Industry of Czech Republic Jan Mládek arrived in Armenia to participate in “Armenia-Czech Republic” business forum.  Jan Mládek is accompanies by other relevant state officials and major businessmen.