French president highlights investments in Armenia

French President Francois Hollande said at a joint business forum in Armenia yesterday that France was the biggest Western investor in Armenia, News.am reports.

He clarified that over half of EU investments in Armenia (about 120 million euros this year) belonged to France. However, the president noted that France was only the tenth largest business partner of Armenia.

Hollande reminded that France had an Armenian community of 500,000 people.

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