Armenian Minister of Economy Gevorg Papoyan met with Starbucks-Alshaya Group Eurasia Vice President Figen Ilgaz and Property Director Hanzade Kuğu to discuss the opportunities for Starbucks to enter the Armenian market, the ministry said.

Enterprise Armenia CEO Gohar Abajyan and Papoyan's deputy Anushik Avetyan also participated in the meeting.

The delegation noted that Starbucks has a presence in 86 countries with over 40,000 coffee shops and aims to expand its operations in the region.

The parties then discussed development opportunities in Armenia's coffee shop sector, highlighting the existing potential in the field, possibilities for infrastructure improvement, the characteristics of Armenia’s coffee consumption market, and current growth trends.

"Attracting high-quality international investments is a priority for Armenia, and we value your visit as a promising step in that direction. Armenia offers a stable, open, and reform-oriented business environment, supported by a young and well-educated workforce, continuous growth in the tourism sector, and a dynamically developing and competitive consumer market," said Minister Gevorg Papoyan.

During the meeting, the Minister expressed readiness to support the company’s entry into the Armenian market, emphasizing that such a move would also significantly contribute to increasing tourist flows to the country.

Published by Armenpress, original at https://armenpress.am/en/article/1231594