Trade between Germany and Armenia grew by 41%August 23, 2018 - 11:48 AMT PanARMENIAN.Net - Germany's trade relations with Armenia, Georgia and Azerbaijan have been dynamically developing in 2018. According to the German Committee on Eastern European Economic Relations, trade with Armenia grew the most - by 41% to total €171 million. "Political changes that occurred in Yerevan in the spring of 2018 seem to be contributing to the dynamic development of the economy," the Committee said, according to Deutsche Welle. In general, the volume of trade with the three South Caucasus republics, which the German Chancellor Angela Merkel intends to visit from August 23 to August 25, increased by 17.1% to €1.2 billion. After a drop in 2017, revival of trade with Azerbaijan was observed this year. In the first half of 2018, Germany imported 10.8% more from Azerbaijan, while German exports to Azerbaijan grew by 44%. At the same time, the volume of trade with Georgia decreased by 2.5% year-on-year. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |