French Ambassador to Armenia Jean-Francois Charpentier said that French business people prepare to implement investment programs in Armenia’s power sector. Details of the programs will be revealed within the next few months.

The Ambassador made that statement in response to Banks.am’s request.

“We noticed in recent months that French companies show more and more interest towards Armenia. Schneider Electric opened a representative office in Yerevan early this year, and the professional skills center opened with an official ceremony on June 5. On the occasion of President Serzh Sargsyan’s visit to France, Medef International organized a Paris meeting for French companies, interested in Armenian market, on March 8. In late March, Anios opened a pharmaceutical factory in Yerevan,” Jean-Francois Charpentier noted.

He stressed that France is among leading foreign investors in Armenia and French organizations are present in various sectors of Armenian economy, including water supply, banking, food industry, healthcare, and distribution networks.
 
“Large French enterprises are currently observing their interests in different branches of the Armenian economy, particularly in sectors of energy and transport. The most progressive investment programs are energy-related and will be released in the coming months. As for complex program, the enterprises are analyzing trading prospects and sustainability of long-term investments in Armenia,” French Ambassador said.

According to Jean-Francois Charpentier, pre-initiative works of potential investors are supported by Embassy of France in Armenia, Armenian-French Chamber of Commerce and Industry, as well as French companies operating in Armenia.

“It is important that already Armenia-based French companies consult potential investors on their experience in Armenia. That is why, French companies in Armenia like Carrefour or Veolia should be able to prosper, as it will promote Armenian investment attractiveness,” Jean-Francois Charpentier emphasized.