Armenian-Czech business forum was held May 17 in Yerevan within the framework of Prime Minister Jan Fischer’s visit to Armenia.

The forum hosted over 40 companies engaged in construction, energy, financial and IT spheres.

“Despite increasing turnover between our countries, there’s still untapped potential we hope to develop through the assistance of such meetings,” Armenian Development Agency CEO Robert Harutyunyan stated at forum opening.

Czech Manufacturers Union President, delegation head Jaroslaw Khana, in turn, noted, “Czechia is interested in cooperation with Armenia, offering investments in various spheres: manufacturing, energy, food industry as well as agriculture and tourism.”

Deputy Minister of Economy and Trade of the Czech Republic Milan Hovorka added, “Having major experience in investment sphere, Czechia, as EU member, can serve as bridge between Armenia and European Union.”

Armenia-Czechia turnover comprised USD 16,7 million in 2009. Imported and exported production included confectionery, paper, ceramics, glassware, black metal and surface carriers.

The business forum was organized by Armenian Development Agency in collaboration with RA manufacturers and entrepreneurs union.