YEREVAN. – Prime Minister of Armenia, Karen Karapetyan, on Friday met with Deputy Minister of Economy and Finance, and head of Customs Administration of Iran, Massoud Karbassian.

“The political discourse between us [i.e. Armenia and Iran] is at a high level,” noted Karapetyan, Armenian News-NEWS.am learned from the Press Office of the Government of Armenia. “But we have potential to further expand and develop our economic relations.”

Consumer loans without collateral up to AMD 2,000,000

Up to December 30 consumer loans without collateral up to AMD 2,000,000 will be granted only with annual interest rate of 19-20%

In this connection, the PM informed that he instructed—at Friday’s Cabinet meeting—to work toward promoting Armenian product exports to Iran, and to discuss the prospects for establishing a free economic zone in the area bordering Iran.

Karbassian, for his part, noted that several arrangements were made as a result of his negotiations with chairman Vardan Harutyunyan of the State Revenue Committee of Armenia.

“By way of the free economic zone, we can collaborate toward the Eurasian Economic Union [i.e. EAEU, which comprises Armenia Russia, Belarus, Kazakhstan, and Kyrgyzstan] market,” added the Iranian official. “Armenia, as a linking bridge, can assume a decisive role in this domain.”

In response, PM Karapetyan stressed that Armenia stands ready to set up a respective platform toward the EAEU market, for Iran.

The interlocutors also conferred on some other matters of mutual interest.