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Contract on encouragement of investments signed between governments

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  • Contract on encouragement of investments signed between governments

    Contract on encouragement of investments signed between governments of
    Armenia and Kuwait


    YEREVAN, JUNE 25, ARMENPRESS: Armenian Prime Minister Tigran Sargsyan
    received today delegation headed by the Finance Minister of Kuwait
    Mostafa Jassem al Shamaly. Governmental press service told Armenpress
    that welcoming the guests Tigran Sargsyan said that Armenia highlights
    consolidation of relations with Kuwait. `The road we have passed
    together inspires hope. I am sure that your visit will give a new
    impetus to boosting relations between the two countries,' he said.

    During the meeting the parties also discussed prospects of
    implementation of mutually beneficial investment programs in a number
    of economic spheres, as well as exchanged thoughts particularly over
    creating favorable conditions for intensifying ties in mine industry,
    tourism development and air communication spheres. In respect of the
    development of bilateral economic relations the interlocutors
    highlighted the creation of inter-governmental joint economic
    cooperation commission.

    Mostafa Jassem al Shamaly thanked the prime minister for the warm
    reception and conveyed the greetings of the prime minister of Kuwait.
    Armenian prime minister on his part asked to convey his greetings to
    his counterpart and the invitation to visit Armenia.

    At the end of the meeting at the presence of Tigran Sargsyan Armenian
    Finance Minister Tigran Davtyan and Finance Minister of Kuwait Mostafa
    Jassem al Shamaly signed contract on encouraging and protecting
    investments between the two governments. The goal of the contract is
    to intensify the investments and business initiatives between the two
    countries, expand economic cooperation.




    From: A. Papazian
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