Wednesday, May 10 2017 14:22
Naira Badalian

Karen Karapetyan on investments and correctness of chosen Eurasian way

ArmInfo. "In our programs, all  investment programs and expectations are clearly spelled out," Prime  Minister of Armenia Karen Karapetyan said in an interview with  Austrian radio, referring to sources of the expected investment of $  3.2 billion. In particular, as Premier reminded, in the coming years  investments are planned for An amount of $ 3.2 billion from five main  sources: private business investment, loans, donor programs, the  state budget, regional budgets. "As early as 2017, we consider  realistic the implementation of projects for a total amount of $  830-840 million," he said.

According to the head of the Armenian Cabinet of Ministers, the  government has deliberately published the amount of expected  investment in the hope that the society will require them to report.  "We deliberately set a very high standard for ourselves, which forces  all members of the team to work with maximum effort," the prime  minister said. As concrete examples, the expected financial  investments, the head of the Cabinet noted investments of Lydian  (Lydian Armenia - exploiting the Amuslar deposit, a subsidiary of  British Lydian International, ed.) Into the mining industry of the  republic. In addition, he announced numerous projects related to the  creation of a garbage processing infrastructure in the regions of  Armenia, investments in greenhouse economy, construction of roads,  construction of a copper smelter. Karen Karapetyan once again spoke  about the correctness of the choice in favor of the membership to the  EEU and 180 million market. "Probability of sales of our products in  this market is the largest for a number of reasons. In this club  there are certain preferences for turnover. If we succeed in this  market, which, by the way, depends more on ourselves, we can create  good prerequisites for the development of our economy," he noted. At  the same time, the prime minister did not rule out other prospects  for Armenian products, including those related to the EU. "We are  telling potential investors that when they come to Armenia, they also  get opportunities to enter the market of the Eurasian Union, as well  as Iran, with which we are now creating a free economic zone at the  border," Karen Karapetyan said.

To recall, in February 2017, Prime Minister of Armenia Karen  Karapetyan announced the possibility of attracting investments of $  3.2 billion in the coming years. 830 - 840 million are expected this  year, out of which the investments of the "Investors Club of Armenia"  Fund will amount to $ 300 million. Meanwhile, the level of foreign  direct investments in the Armenian economy in the past 2016 fell to $  90 million, declining annually over the past five years by 40% 50%.

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