Armenia is the only CIS country that is of increasing interest to Lithuanian businessmen, Lithuanian analyst Aleksandr Izgorodin said during his latest presentation about Lithuanian trade tendencies and perspectives during the Competitiveness Forum.
Lithuanian businessmen consider Armenia the most effective platform through which to enter the EEU market.
“This opens new corridors in the development of trade and attracting investments from the Baltic States to Armenia, as it is the gateway to the major CIS and six Arab markets. Despite the geographical distance, Armenia and Lithuania have a lot in common; both are small economies, place an emphasis on human capital, have a lack of natural resources and a similar country positioning," added Izgorodin.
According to the representative of DFA in the Baltic States, Rena Saribekian, economic ties between Lithuania and Armenia in different sectors have been developing constantly since 2014. “Today, the Lithuanian textile industry is looking for opportunities to outsource services; we believe that Armenia's progress in the field could meet these expectations, making it a good regional hub,” claims ...
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