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Armenia Imports Gold From Austria

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  • Armenia Imports Gold From Austria

    ARMENIA IMPORTS GOLD FROM AUSTRIA

    news.am
    June 25, 2012 | 18:59

    YEREVAN. - President of Austria Heinz Fischer and his spouse will
    arrive in Armenia on Monday. An Armenian-Austrian business forum with
    the participation of businessmen from both countries is on the agenda.

    Bilateral trade relations are not so significant. According to Armenian
    National Statistical Service, trade turnover last year made about
    $50 million, which is just 0.9 percent of Armenia's foreign trade
    turnover. Moreover, it reduced by $10 million as compared to the
    previous year.

    Armenia - Austria trade balance is sharply negative: exports in 2011
    amounted to $ 5 million, while import - $ 45 million

    This year, trade turnover between the two states was not so active.

    According to customs service statistics, trade with Austria is not so
    diversified. Armenia mainly imports gold from Austria, which makes 70
    percent of the imported volume, and exports mainly postal stamps (98%).


    From: Baghdasarian
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