YEREVAN. – The CEO of the Development Foundation of Armenia (DFA), Armen Avak Avakian, and the CEO of Shaula International consulting company, Fabio Lenzi, signed a Memorandum of Understanding to promote Armenia’s business opportunities in Italy and attract Italian investors to Armenia. 

The ceremony was attended by the Italian Ambassador to Armenia Giovanni Ricciulli, DFA informed Armenian News-NEWS.am.

Shaula International received the status of the Official Representative of DFA in Italy. The company will provide requisite information on Armenia’s business climate, investment opportunities, and preferential trade regimes to the Italian potential investors as well as create a solid foundation for doing business between the two parties.

“To enhance bilateral economic and trade cooperation and to better understand the needs and vision of the Italian business community, the DFA should talk business language to the Italian entrepreneurs, and the MoU with Shaula International is the first step to achieving it,” noted the CEO of the Development Foundation of Armenia. 

The CEO of Shaula International LLC, Fabio Lenzi, stated, “We are very happy to start our partnership with the DFA and are ready to support this initiative full force in order to attract more international business professionals and investment into Armenia, promote export and tourism, and be a part of this joint mission for the brighter future of this country.”