Nearly 300 companies with Iranian capital opened in Armenia this year

About 300 companies and enterprises with Iranian capital were opened in Armenia in the first half of 2023, Armenian Minister of Economy Vahan Kerobyan said in an interview with journalists on the sidelines of the Iranian Free Economic Zones exhibition in Yerevan.

Reported from Sputnik Armenia that he added that Iran is in second place after Russia in terms of investment in the Armenian economy.

"This is a good pace, but we have opportunities to increase it," Kerobyan said.

According to the minister's forecasts, this year the trade between the countries may reach $800 million, but this figure cannot be considered satisfactory, since it is several times less than the target mark of $3 billion set by the leaders of Armenia and Iran. 

"We need to find new opportunities to bring the trade turnover up to the level set by the heads of the two states," Kerobyan said.





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