The development of democratic institutions in Armenia, the fight against corruption, the establishment of free and truly competitive market relations - these words should sound like a melody for Austrian investors and investors around the world in general, Armenian Foreign Minister Ararat Mirzoyan said at the Armenian-Austrian business forum in Yerevan Thursday.

He considers this the minimum conditions that allow businesses to feel as comfortable as possible. The minister assured that all necessary steps are being taken in Armenia to ensure a favorable environment for business.

According to him, Armenia has economic advantages and successes achieved in recent years, especially in the field of modern technologies.

“I propose to consider the possibility of opening an Armenian TUMO center in Austria. TUMO centers are already operating in many countries around the world,” Mirzoyan added.