The new Consul, Armand Pinarbasi, is a successful business executive from one of the international consulting and auditing companies. He is well placed to advise Danish companies interested in exploring this market. The Consul has extensive contacts in business and in government, i.a. through the influential French-Armenian community.
Consul Pinarbasi recommends Armenia as an interesting testing ground for companies looking at possibilities for doing business in the CIS. There are opportunities for Danish solutions, particularly in energy saving and in the agricultural sector.
Denmark’s trade with the Republic of Armenia is modest and the Armenian market is small (population: 3 mio). But new developments are under way as Armenia turns more towards Europe. Armenia’s trade with the EU now surpasses its trade with the traditional ally, Russia. EU and Armenia have started negotiations on a Deep and Comprehensive Free Trade Agreement. All political parties competing for places in the upcoming parliamentary elections share the goal of getting closer to European norms and standards in order to develop and reform the economy.
As part of this policy, Armenia has recently opened an Embassy in Copenhagen to promote Armenian interests in Scandinavia.