Business news

MINSK, 20 February (BelTA) – Belarus and Armenia signed an agreement on cooperation in the nuclear power industry, the press service of the Economy Ministry of Armenia said.

The document on cooperation in the peaceful use of atomic energy was signed by Deputy Minister of Energy and Natural Resources of Armenia Areg Galstyan following the 12^th meeting of the Armenian-Belarusian intergovernmental commission on economic cooperation. The meeting took place in Armenia.

Armenia’s Economy Minister Karen Chshmaritian told media that Armenia and Belarus have developed a robust foundation for the development of bilateral relations in every sphere and area. “Further strengthening of economic cooperation as well as the EEU potential will help expand the cooperation range in the future,” he stressed.

Armenia invites Belarus to invest in mechanical engineering, processing and food industry, agribusiness, alternative energy, tourism.

“One more mutually beneficial platform for cooperation can be free economic zones in Armenia where companies working in the area of high technology, engineering, jewelry are fully exempted from taxes. It is also important that the implementation of a number of infrastructure projects such as the construction of the transport corridor North-South, the railway service between Armenia and Iran as well as the open skies policy will promote the expansion of transit potential of Armenia, improve the conditions for investment and business and strengthen Armenia’s importance as an significant link between Europe, Middle East and Asia,” said the Armenian Economy Minister.