Germany provided Armenia with 54.4 million euros assistance
In 2016 Germany has provided 54.4 million euros to Armenia within the framework of financial cooperation, Germany’s Ambassador to Armenia Matthias Kiesler said today.
He said Germany, along with the European Union and the United States, is a major financial donor of Armenia.
‘Apart from 54.4 million euro assistance Germany has provided also 22 million euros in the framework of technical cooperation for the implementation of regional programs," - Kiesler said.
He added that Germany is Armenia’s third largest economic and trade partner after Russia and China. However, according to Kiesler, part of German businessmen prefer to invest in politically stable countries with bigger markets.
"Unfortunately, the headlines about Armenia in the German media do not indicate stability in the region. The Nagorno-Karabakh conflict reduces the interest of entrepreneurs in the Armenian market,"- said Kiesler.
"Our task is to provide objective information about Armenia, tell what there is that may interest German entrepreneurs. We tell them about Armenia’s investment environment, since one can not only trade with Armenia but also establish production of goods," - he added.
According to the ambassador, Armenia’s IT industry as well as its membership in the Eurasian Economic Union and good relations with Iran may interest foreign investors. -0-