Head of Management Mix named Armenia`s strengths in terms of investment attractiveness

ArmInfo. Raffi Semerjyan,  Chairman of the Investment and Consulting Company "Management Mix"  (MM), on July 13 at a press conference named Armenia's strengths from  the point of view of investment attractiveness.

In general, giving a positive assessment to Armenia's investment  environment, he explained that in comparison with some European  countries, for example, with Sweden, Norway and France, Armenia's tax  environment is much more favorable. However, when compared with  Georgia and the UAE, the expert noted the need for improvement.  Positive in terms of attracting investments, according to Semerjyan,  are also the prices for real estate and land in Armenia. At the same  time, the expert noted the high level of higher education in Armenia  with low salaries as an undisputed advantage. "And it turns out that  the labor force in Armenia is valued cheaply," he stressed. Speaking  of other attractive aspects of Armenia, Semirjyan noted the  200-million market due to the state's membership in the EEA, which,  he said, opens up great opportunities for producers.

At the same time, he noted that from the point of view of the  industry, Armenia is interested in industrial and agricultural  production. The head of MM added that last year investments were  mainly directed to the real estate sector, however, further  investment programs will be implemented in the agricultural sector  and industry. In this regard, he drew attention to the interest of  partners from the UAE and South Africa.

To note, Management Mix is an investment consulting company that  provides services in the field of management consulting, investment  management, and implements training programs in the countries of the  Persian Gulf, Europe, Middle East, Africa. Representation of the  company in Armenia was opened in 1999.  Management Mix has managed to  attract investors to the banking, real estate and industrial sectors,  agriculture and renewable energy HF. Among the clients in Armenia,  the company chairman named Viva ‘ell-MTS, Sanitek, Yerevan Brandy  Company, Elseti Armenia, Vallex Group, Astgik Medical Center and  others.

According to the National Statistical Service of Armenia, in 2016 the  net flow of total investments totaled 81.6 billion AMD with an annual  decline of 31.1%, including FDI decreased by 9.7% to 62.7 billion  AMD.