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Armenia could be of interest to Lebanese businesses in terms of getting broader access to Eurasian Economic Union and Iranian markets, Armenia’s Prime Minister Karen Karapetyan noted on Friday during the meeting with the delegation led by Lebanese State Minister for Business Planning Michael Faraon.

As the Information and Public Relations Department of the Armenian Government reports, the Prime Minister noted that Armenia and Lebanon might cooperate in numerous areas, including healthcare, pharmaceuticals, mining industry, renewable energy, infrastructures and so on.

Armenia’s PM noted that there are 211 companies with Lebanese capital operating in Armenia,

The Lebanese State Minister said to be highly impressed by the reforms aimed at providing favorable conditions for foreign investors and improving the business environment in the country. Michael Faraon assured that he would convey a relevant message to the Lebanese business circles as the latter seem to be keen to do business in Armenia and get through to the EEU and Iranian markets via Armenia.

Talks were said underway with the Armenian partners with a focus on the implementation of two investment programs with Lebanese capital in the healthcare sector and the establishment of a household items manufacturing plant in Armenia.

Prime Minister Karapetyan welcomed the idea, noting that his government is implementing bold and logical health sector reforms. The Premier said the Government is interested in the commitment of both Lebanese capital and business culture.