June 11, 2005 - 08:19 AMT
VOLUME OF DUTCH INVESTMENT IN ARMENIAN ECONOMY TO INCREASE
An agreement over encouraging investments and mutual security is signed by Armenia and the Netherlands, Armenian Minister of Finance and Economy Vardan Khachatryan stated at a press conference in Yerevan. The agreement was signed by Vardan Khachatryan and Dutch Deputy Prime Minister and Minister of Finance Gerrit Zalm. The latter noted that there is development of the Armenian economy available. In his words much has changed after his first visit to Armenia in 1995. As noted by Mr. Zalm, Armenia and the Netherlands have common interests within the cooperation with the IMF and the WB and within that period of time close relations were established. In his words, the agreement will promote growth of investment in Armenian economy. The document provides for protection of the holdings of the investors. It also determines the obligation of each of the parties to secure a fair and equal regime for investments of the other party. The order of resolution of disputes between the investor and the other party over the investment made is also established.