Tuesday, May 17 2016 09:08

 Polish side has great expectations with the sector, in which "Lubawa", an Armenian-Polish joint enterprise, operates. In this context positive dynamics is expected, said Radoslaw Domagalski-Labedzki, Poland's Deputy Minister for Development on the sidelines of the fifth meeting of the Armenian-Polish Intergovernmental Commission on Economic Cooperation.

According to him time is needed for the Armenian-Polish joint enterprise development. I think that Lubawa Armenia is quite young company, as it has been operating for only several years. So, time is needed for its development, the Polish Deputy Minister noted. According to him such model of business is quite efficient and is a good alternative for entering foreign market. 

To note earlier in an interview to ArmInfo, Jerzy Marek Nowakowski, Ambassador Extraordinary and Plenipotentiary of the Republic of Poland to the Republic of Armenia Mentioned with content that Lubawa SA, a leading Polish company has intensified its activity this year (Lubawa-Armenia Armenian Polish military industrial JV opened in October of 2014 on the basis of the Armenian machine-tool factory). "Previously the Company failed to operate at full capacity. For two years the company had operated without profit and there are preconditions now to ensure profits in the current year. I'd like to say that many other potential investors closely follow the company's activity. In this sense, the future investments depend on the success or failure of Lubawa - the first big investment. Therefore, I hope Lubawa will become exemplary", the Ambassador stated. 
To note, "Lubawa-Armenia" enterprise was established on the basis of Charentsavan machine- building plant (Armenia).  The company LUBAWA Armenia produces multiscale optical camouflage nets (87% of turnover), T-72 mock-ups  (10% of turnover) and tents (3% of the turnover).