YEREVAN. – Austrian companies will invest in building copper smelting plant in Armenia, Austrian Embassy representative said in Yerevan on Tuesday.

According to him, in addition, Austrian Waagner-Biro Austria Stage Systems AG Company has undertaken renovation of Yerevan’s National Opera and Ballet Theatre, amounting 8 million euro.

The Armenian Development Agency has organized a business forum between Armenia and Austria within the frameworks of the Austrian President Heinz Fischer’s visit.

Trade turnover made $50.5 million between the two states last year, while export from Armenia was $2.7 million and import was $47.7 million. Armenia exports copper and black metals, aluminum, and imports natural and artificial pearls, precious metals, precious and half-precious stones and confectionary.