EU to help Nepal bring investment

KATHMANDU, MAY 10: The European Union (EU) has announced its intention to assist Nepal in attracting investment. Veronique Lorenzo, the EU Ambassador to Nepal, informed that the ‘EU-Nepal Trade Forum’ will take place in Kathmandu next week with the aim of bringing European investment to Nepal.

During her address at a reception held here yesterday to commemorate the 50th anniversary of diplomatic relations between Nepal and the European Union, Ambassador Lorenzo stated that the second meeting of the forum is scheduled for May 15-16 in Kathmandu, focusing on addressing Nepal’s foreign investment deficit.

She mentioned that companies from EU countries will participate in the meeting to discuss potential investment opportunities in Nepal. Furthermore, the Ambassador emphasized Nepal’s pursuit of upgrading from the list of least developed countries by 2026 and stressed the necessity of fostering economic development and employment opportunities to achieve this goal.