YEREVAN, August 23. /ARKA/. Austria intends to support Armenia in small and medium business development, RA Deputy Minister of Trade and Economic Development Tigran Davtyan told journalists at the signing ceremony of the protocol of the meeting of the Armenian -Austrian Intergovernmental Commission on Economic Cooperation. He said that Austria and Armenia intend to cooperate in small and medium business development within the Small and Medium Enterprises Development National Center (SME DNC). Co-Chairman of the Armenian-Austrian Intergovernmental Commission, General Director on Foreign Economic Relations of the Federal Ministry of Economy and Labor of Austria Johan Zaks said that SME’s share in Austrian economy makes 99.4%. “Small and medium-size business is the base of our economy. Their advantage is quick response to the needs of the market and clients. We intend to support Armenia in small and medium enterprise development and are ready to train managers for these enterprises”, Zaks said.
During their 3-day stay in Armenia the Austrian delegation hold negotiations at the RA Ministry of trade and Economic Development, Ministry of Environmental Protection, and met with representatives of SMEs.
This was the second meeting of the Armenian-Austrian Intergovernmental Commission. The first meeting was held in Vienna two years ago. That time the side agreed on bilateral cooperation. A.A. -0–
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