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 | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |