On February 3, 2022, the Austrian foreign minister kicked off the anticipated Armenian-Austrian business forum in Yerevan which aimed to strengthen the relationship between the two countries by bringing businesses together.
Along with the official representation, the forum was attended by 10 Austrian businesses and more than 100 Armenian companies.
In remarks delivered at the forum, Armenian Foreign Minister Ararat Mirzoyan stated that the event was an opportunity to develop the Armenian-Austrian economic relationship, deepen it further and establish new mutually beneficial business ties.
The government of Armenia is taking all necessary steps to create a business-friendly environment, the minister said. This includes the development of democratic institutions and the fight against corruption, as well as the establishment of free, competitive market relations in Armenia.
Alexander Schallenberg—Federal Minister for European and International Affairs of the Republic of Austria—commented that bilateral relations between states cannot be complete without solid, business relationships.
At the end of the forum, Austrian company Doppelmayr and Armenian company Myler Mountain Resort signed a memorandum agreeing to build a new ski complex in the village of Yeghipatrush. Another document was signed relating to the modernization of the Sevan-Hrazdan Cascade hydro-power plant.