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MILAN LIKELY TO HOST ITALIAN-ARMENIAN BUSINESS FORUM NEXT AUTUMN

YEREVAN, OCTOBER 6, ARMENPRESS: Armenian ambassador to Italy, Ruben Shugarian, told an Armenian-Italian business forum in Yerevan today that Italy’s industrial and financial center, Milan, is likely to host in 2006 autumn an Italian-Armenian business forum, which may be attended also by businessmen from Spain and Portugal.

Italian industrial activities minister Adolpho Urso said he had outlined several initiatives during a meeting with Armenian trade and economic development minister Karen Chshmaritian. He also expressed hope that this conference will lay the foundation of establishment of an Italian-Armenian trade chamber. Italian ambassador, Marco Clemente, said Italy’s foreign trade representation in Moscow will open a branch in Yerevan in several months.

According to official statistics, there are now 33 joint Armenian-Italian ventures in Armenia, which have invested a total of $13 million in Armenia’s economy.

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