British Airways to Operate Direct Flights

YEREVAN (Noyan Tapan)–A number of British investors voiced interest in participation in privatization of Armenia’s biggest enterprises.

As noted by Ara Amazaspian–commercial officer at the British Embassy to Armenia–British investors are among the most active on the Armenian market. According to him–that is proved by the opening of an office of the British KPMG audit company in Armenia and Midland Armenia Bank–which is the biggest bank in the country.

Amazaspian said in an interview to Noyan Tapan reporters that British Airways–which is one of the biggest airlines in the world–and Armenia’s Civil Aviation Department are currently negotiating on opening of the London-Yerevan flight. The flights are supposed to be operated by British Airways starting at the end of 1997.

Amazaspian spoke highly of British specialists’ engagement in realizing joint projects. For example–British specialists are now successfully cooperating with a number of ministries of Armenia. The British WS Athins company is rendering consulting assistance in fringes of the TACIS European Community’s Energy Center project. Another company Scott Wilson is involved in the elaboration of a legislation in field of transport jointly with Armenia’s Transportation Ministry.

An Armenia-Britain agreement on evasion of double taxation is likely to be worked out soon.

Among the most attractive for British investors economic fields of Armenia Amazaspian mentioned communications–transportation–insurance–production and services.

"To establish long-lasting economic ties between Armenia and Great Britain is a time-consuming process–we are still at the beginning of the path," the commercial official said.

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