General Motors Discusses Investment in Armenia

YEREVAN (RFE/RL)–Senior executives from General Motors–the world’s leading car manufacturer–arrived in Armenia on Monday to discuss their possible involvement there.

The corporation’s vice-president for Russia and newly independent states–David Herman–unveiled "concrete business proposals" to the Armenian leadership–government sources said.

The press services of the Armenian president and prime minister quoted him as saying that the GM currently "looks into the existing capacities–market–demand and export possibilities."

Herman’said a research done by the corporation has revealed a "favorable investment environment" in Armenia.

He said a group of GM experts will be dispatched to Armenia in early December to conduct feasibility studies on assembling minibuses–small tractors and trucks and their sales throughout the region. Representatives of the GM paid their first visit to Armenia last February.

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