Thursday, August 3 2017 19:43
Naira Badalian

Armenian diplomatic missions will be engaged in attracting investments to Republic

Armenian diplomatic missions will be engaged in attracting  investments to Republic

ArmInfo. The potential of the  diplomatic missions of Armenia will be used to attract investments  and increase the foreign trade turnover of the republic. Armenian  government On August 3, approved the criteria for determining the  list of priority countries for the development of economic diplomacy  and assessing the effectiveness of this activity.

As Deputy Foreign Minister of Armenia Shavarsh Kocharyan stated,  presenting the document, in addition to the list of 10 priority  countries indicated in the document, there is also another one, on  the basis of which the list will be expanded in the future. Among the  approved evaluation priorities are the presence of a large Armenian  diaspora in the host country, the opportunities of the diplomatic  mission, the existing investment and trade and economic potential of  the country, as well as the background in terms of partnership with  neighboring countries.

Already after the government session in a conversation with  journalists, the first deputy minister of economic development and  investments Garegin Melkonyan noted that several documents are being  approved on the submitted package. First of all, a list of countries  is approved, as well as some criteria for the further organization of  work in terms of setting tasks for diplomatic missions. In addition,  it is established on the basis of which approaches it is necessary to  select priority countries.

According to the Deputy Minister, for the first time, the economic  aspect of the republic's foreign policy activity is so accentuated.  Today, as Melkonyan noted, Armenia has about 50 diplomatic missions  abroad.  Unfortunately, not everyone has trade missions or at least  diplomats with knowledge of the economy or relevant experience. "This  initiative is aimed at boosting economic potential in all Armenian  diplomatic missions," he said. To note, Russia, the United States,  China, Iran, Georgia, the United Arab Emirates, France, Germany,  Italy, Canada, Lebanon and the Benelux countries are among the  priority countries.

READ ALL COMMENTS

Anahit
В апаран коронавирус

POST A COMMENT
Input digits     


News
Forecast: The economic consequences of the war for Armenia are still  aheadForecast: The economic consequences of the war for Armenia are still  ahead
$ 3 billion will be allocated from the state budget for the 4th  tranche of the North-South road$ 3 billion will be allocated from the state budget for the 4th  tranche of the North-South road
EBRD to provide Air Navigation of Armenia with EUR 3 millionEBRD to provide Air Navigation of Armenia with EUR 3 million
Head of the Audit Chamber of Armenia presented facts of abuses in the  field of road constructionHead of the Audit Chamber of Armenia presented facts of abuses in the  field of road construction
S&P revised the outlook on Ameriabank to ``Stable`` S&P revised the outlook on Ameriabank to ``Stable`` 
Armenia`s international reserves increased by 11.3% per annum by June  2021Armenia`s international reserves increased by 11.3% per annum by June  2021
Central Bank of Armenia: Net inflow of transfers from individuals  grew in Jan-April 2021 by 80% per annumCentral Bank of Armenia: Net inflow of transfers from individuals  grew in Jan-April 2021 by 80% per annum
Armenia will be among the nominees for World Travel AwardsArmenia will be among the nominees for World Travel Awards
Armenia and Iran intend to expand cooperation in a number of economic  areasArmenia and Iran intend to expand cooperation in a number of economic  areas
Ministry of Finance: Three quarters of Armenia`s public debt is in  foreign currency, which creates additional risks in connection with  the management of public debt Ministry of Finance: Three quarters of Armenia`s public debt is in  foreign currency, which creates additional risks in connection with  the management of public debt 
World Bank`s forecast for GDP growth in Armenia has not changed: 3.4%  in 2021, accelerating to 4.3% in 2022World Bank`s forecast for GDP growth in Armenia has not changed: 3.4%  in 2021, accelerating to 4.3% in 2022
CBA initiative to create a centralized register of bank accounts of  individuals was approved by relevant parliamentary committeeCBA initiative to create a centralized register of bank accounts of  individuals was approved by relevant parliamentary committee
RUSAL`s foil-rolling mills to join AL +RUSAL`s foil-rolling mills to join AL +
AraratBank raises USD 14.5 m arranged by Symbiotics AraratBank raises USD 14.5 m arranged by Symbiotics
UAE UAE "Masdar" company to build a solar power plant in Armenia with a  capacity of 200 MW
EDB is ready to consider integration projects in the region   EDB is ready to consider integration projects in the region  
Customer base of Armenian banks increased by 6% per annum by April,  and accounts  - by 4.3%Customer base of Armenian banks increased by 6% per annum by April,  and accounts  - by 4.3%
Head of Telecom Armenia shared his success story at Reinvent by  Renderforest conferenceHead of Telecom Armenia shared his success story at Reinvent by  Renderforest conference
In Armenia`s foreign trade turnover Russia and China continue to be  leaders in exports and importsIn Armenia`s foreign trade turnover Russia and China continue to be  leaders in exports and imports
Telecommunications sector revenue in Armenia growsTelecommunications sector revenue in Armenia grows
Cargo transportation in Armenia by May 2021 increased by 17.7%, with  a decline in passenger traffic by 17.4%Cargo transportation in Armenia by May 2021 increased by 17.7%, with  a decline in passenger traffic by 17.4%
The metallurgical industry of Armenia increased production by 26.9%  per annum by May 2021The metallurgical industry of Armenia increased production by 26.9%  per annum by May 2021
Armenia`s industrial sector slowly recovers from coronavirus crisisArmenia`s industrial sector slowly recovers from coronavirus crisis
Armenia`s foreign trade turnover with EU countries increased by 12.4%  per annum by May 2021Armenia`s foreign trade turnover with EU countries increased by 12.4%  per annum by May 2021
Armenia`s foreign trade turnover with  EAEU countries grew by 1.6%  per annum in January-April 2021Armenia`s foreign trade turnover with  EAEU countries grew by 1.6%  per annum in January-April 2021
Armenia`s foreign trade turnover increased by 7.2% per annum in  January-April 2021Armenia`s foreign trade turnover increased by 7.2% per annum in  January-April 2021
 Armenia intends to form a national innovation system by 2025 Armenia intends to form a national innovation system by 2025
Revenue part of Yerevan budget in 2020 is fulfilled by 84.6%Revenue part of Yerevan budget in 2020 is fulfilled by 84.6%
Armenia`s public debt is approaching $ 9 billionArmenia`s public debt is approaching $ 9 billion
In 2020, subsidies from state treasury of Armenia to regional  administrations amounted to about $ 115 millionIn 2020, subsidies from state treasury of Armenia to regional  administrations amounted to about $ 115 million
Armenia`s Ministry of Finance: In 2020, the budget of the  agricultural sector was revised downwardArmenia`s Ministry of Finance: In 2020, the budget of the  agricultural sector was revised downward
Aluminum foil production volumes decreased by 3.7% per annum in  January-April 2021 in ArmeniaAluminum foil production volumes decreased by 3.7% per annum in  January-April 2021 in Armenia
Electricity generation in Armenia slows down annual growth rateElectricity generation in Armenia slows down annual growth rate
Armenian textile industry increased 3.2-fold in January-April 2021Armenian textile industry increased 3.2-fold in January-April 2021
Economic activity in Jan-April 2021 increased by 2.6% per annum in  ArmeniaEconomic activity in Jan-April 2021 increased by 2.6% per annum in  Armenia
Export of buckwheat from Russia has been temporarily bannedExport of buckwheat from Russia has been temporarily banned
At the end of June, Agarak Copper-Molybdenum Combine CJSC will switch  to completely closed cycle of water consumption ahead of scheduleAt the end of June, Agarak Copper-Molybdenum Combine CJSC will switch  to completely closed cycle of water consumption ahead of schedule
In 2020, U.S., CoE and UN donors` financial assistance to Corruption  Prevention Commission of RA exceeded state budget allocations In 2020, U.S., CoE and UN donors` financial assistance to Corruption  Prevention Commission of RA exceeded state budget allocations 
Ameriabank ready for initial public offering of shares - Managing Director, Financial Institutions for EBRDAmeriabank ready for initial public offering of shares - Managing Director, Financial Institutions for EBRD
In 2020, the parliament spent 466 million drams on bonuses, monetary  rewards and special paymentsIn 2020, the parliament spent 466 million drams on bonuses, monetary  rewards and special payments
The y-o-y inflation in Armenia in May 2021 was 5.9%, for five months  - 4.7%, with a deflation of 0.4% in May The y-o-y inflation in Armenia in May 2021 was 5.9%, for five months  - 4.7%, with a deflation of 0.4% in May 
Janjughazyan told how much the state spent on the maintenance of the  bureaucratic apparatus of ArmeniaJanjughazyan told how much the state spent on the maintenance of the  bureaucratic apparatus of Armenia
Caucasian Power Transmission Network Program will be operational  after 2025 at bestCaucasian Power Transmission Network Program will be operational  after 2025 at best
Martin Galstyan: The new forecast report of the Central Bank for 2021  is supplemented with an apocalyptic scenario, but in reality the  economy began to breathe and expectations for GDP growth will be  improvedMartin Galstyan: The new forecast report of the Central Bank for 2021  is supplemented with an apocalyptic scenario, but in reality the  economy began to breathe and expectations for GDP growth will be  improved
Armenian and Russian sides to discuss extension of service life of  Armenian NPP until 2031Armenian and Russian sides to discuss extension of service life of  Armenian NPP until 2031
Deputy Minister: Discussions are underway with Iran on the launch of  the Meghri FEZ, the issue became especially relevant after the war in  ArtsakhDeputy Minister: Discussions are underway with Iran on the launch of  the Meghri FEZ, the issue became especially relevant after the war in  Artsakh
In 2020, expenditures of Armenian Foreign Ministry amounted to  approximately $ 35 millionIn 2020, expenditures of Armenian Foreign Ministry amounted to  approximately $ 35 million
In 2020, EU allocated 68.7 million euros to Armenia for budget  assistance In 2020, EU allocated 68.7 million euros to Armenia for budget  assistance 
The company of the former Deputy Energy Minister and the son of the  former Prime Minister of Armenia received another tax benefit from  the governmentThe company of the former Deputy Energy Minister and the son of the former Prime Minister of Armenia received another tax benefit from the government
Ardshinbank invited children to the cinema on International Children’s DayArdshinbank invited children to the cinema on International Children’s Day
IFC’s New Partnership with Evocabank, to Support Smaller Businesses, Boost Resilience and Drive Recovery in ArmeniaIFC’s New Partnership with Evocabank, to Support Smaller Businesses, Boost Resilience and Drive Recovery in Armenia
Ameriabank Announces a Contest for Bank Card DesignAmeriabank Announces a Contest for Bank Card Design
Scientists will again discuss problems and prospects for development  of geothermal energy in ArmeniaScientists will again discuss problems and prospects for development  of geothermal energy in Armenia
PSRC Head: There are no problems with the production capacity of  electricity in ArmeniaPSRC Head: There are no problems with the production capacity of  electricity in Armenia
Chairman of SCPEC: The price of butter will rise again Chairman of SCPEC: The price of butter will rise again 
Head of SCPEC: There will be no reduction in the price of gasoline Head of SCPEC: There will be no reduction in the price of gasoline 
 On June 1, events were held with the financing of IDBank On June 1, events were held with the financing of IDBank
Deputy Minister of Economy: Positive impulses from Russia inspire  optimism for restoration of  tourism sector in Armenia Deputy Minister of Economy: Positive impulses from Russia inspire  optimism for restoration of  tourism sector in Armenia 
Head of State Revenue Committee of Armenia urged citizens not to try  to smuggle Turkish-made goods into the country across the state  borderHead of State Revenue Committee of Armenia urged citizens not to try  to smuggle Turkish-made goods into the country across the state  border
In period of pandemic and Artsakh war, almost 50 milion US dollars  premiums were allocated in public sector of ArmeniaIn period of pandemic and Artsakh war, almost 50 milion US dollars  premiums were allocated in public sector of Armenia
Read more


Exchange rates
11.06.2021
RUB7.240.05
USD518.61-0.67
EUR630.16-1.49
GBP733.681.60
CAD428.60-0.24
JPY47.34-0.08
CNY81.220.05
CHF578.35-0.94