ArmInfo. At the Investment Forum to be held in France on February 21-28 Armenia will present its investment projects to foreign partners. The event is arranged by the Fund for Armenian Development in cooperation with Business France French Agency on Enterprises Economic Development , the information of the Fund for Armenian Development reads.
The investment forum will start of February 21 in Paris. A number of meetings with potential business partners and investors is planned to be held in Paris, Lion and Marseille. The meetings with Armenian- French Chamber of Commerce are planned as well. It is expected that about 25 companies presenting the IT, textile and pharmaceutical sectors will participate from French side, as well as the companies of wine making and transport sectors.
During one week Armenian part will present its potential in agricultural, energy and IT sectors to French colleagues. Beside that, on the margins of investment forum, the potential partners will be provided with general information about Armenia, particularly, in respect to regulatory framework, the information on taxes and business climate will be presented as well. -v-
To remind, on December 28, 2016, summarizing the results of the year, Minister Suren Karayan stated, that the amount of investments into Armenian economy remains on very low level, Armenian Minister of Economic Development and Investments Suren Karayan stated on December 28 summing up the results of the year. According to the Minister as of 9 months of 2016 the net inflow of FDI into real sector of Armenia's economy totaled $92 mln or 1.3% of the GDP. "This level of FDI is insufficient for ensuring sustainable development of the country's economy. In the midterm perspective we should increase the amounts 5-fold", the Minister stated.
At the same time the Minister forecasts growth of FDI to $150-200mln in 2017. In this context he considers that taking into account small scale of domestic market Armenia should ensure for all the investors entry to large markets. Armenia should also improve business and investment climate facilitating procedures and achieving greater competitiveness in the region. "50 legal acts have already been adopted to that end and establishment of the Foreign Investments Protection Agency will be the next step", he stated.