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%.