Armenian-Cypriot economic ties

29/04/2024

On April 26, the Executive Director of the Chamber of Commerce and Industry of the Republic of Armenia Andranik Aleksanyan hosted the General Director of Cyprus Chamber of Commerce and Industry Marios Tsiakkis.

The guest first presented the functions of their structure. -The Chamber closely cooperates with 170 business associations, summarizes business issues and presents them to the government. "Only 1 million people live in Cyprus, less than Armenia, but we have a strong Armenian community, which can be a wonderful bridge in activating the Armenian-Cypriot business. Almost 80 percent of the gross domestic product in Cyprus is provided by services, but at the same time we export individual products to many countries of the world, the Cypriot guest noted. - Tourism is especially developed. We know that medical tourism in particular stands out in the field of tourism in Armenia, in which direction we will gladly cooperate. We also want to cooperate in the field of programming and are ready to provide offices for Armenian professionals. There is an intention to open a Cypriot embassy in Armenia."

Andranik Aleksanyan, Executive Director of the Chamber of Commerce and Industry of RA, highlighted as a primary step the correct assessment of the existing opportunities for cooperation and the exchange of information through telecommunications and especially direct contacts. "We are ready to visit Cyprus with a business delegation, pre-prepared programs and product demonstrations and discuss specific issues. It will be beneficial to create an Armenian export consortium in Cyprus, which will help both countries to enter a third country," said Mr. Andranik Aleksanyan.

The general director of the Cyprus Chamber of Commerce and Industry, Marios Tsiakkis, offered to participate in the big conference of 8,000 businessmen from many countries of the world to be held in Cyprus next May.

Andranik Aleksanyan, Executive Director of the Chamber of Commerce and Industry of RA and General Director of the Cyprus Chamber of Commerce and Industry Marios Tsiakkis signed a memorandum of understanding.