Tuesday, August 22 2017 12:20
Naira Badalian

Karen Karapetyan: The investments promised by the government for 2017 in the amount of $ 830-840 million, are feasible

Karen Karapetyan: The investments promised by the government for 2017 in the amount of $ 830-840 million, are feasible

ArmInfo. The investments promised by the government for 2017 at a rate of 830-840 million dollars, are feasible. This was stated by the head of the Armenian Cabinet in Tsakhkadzor at the opening of the 15th annual youth gathering "Baze".

As reported by the press service of the government of the republic, Karen Karapetyan noted that over 8,500 young people from Armenia, Artsakh and Diaspora took part in the "Baze" meetings during these years.  According to him, this movement is a good platform, where youth are united.

The Armenian Prime Minister called on the youth to be independent, free, active. "Periodically work on yourself to be more competitive, relevant, modern, look at tomorrow more confidently and more boldly and, most importantly, love our country," said the head of the

 

Armenian government. For effective participation in the implementation of the organized work and state policy in the field of youth, as well as on the occasion of the 15th anniversary of the foundation of the all-Armenian youth gathering "Baze" Karen Karapetyan encouraged a number of people to thank RA Prime Minister.

Then the participants of the meeting presented to the head of the government their vision of the development of Armenia and addressed Karen Karapetyan a number of issues related to the economic development of our country, tax, customs, healthcare, education, sports, etc.  Touching upon the economic development, Karen Karapetyan noted that for the 7 months of this year, Armenia recorded a 6.2 percent growth in economic activity, 12.7 percent growth in industry, a 21.6 percent growth in exports, a 28.5 percent increase in imports , During this period a number of programs were launched. "There are numerous investments, including in the fields of textiles, agriculture, information technologies, energy, tourism, etc. We announced that we have investment programs worth $ 3.2 billion, of which $ 830 million-$ 840 million, in our Representation, should be this year. We will present the report and the pace of these investments show that they are feasible, "Karen Karapetyan stressed. Touching upon the implementation of the programs by the Investors' Club of Armenia, the head of the Government noted that this club participates in the program of construction of the Shnokh hydroelectric power station. Karen Karapetyan also noted that painstaking work is needed to implement investment programs.

The framework agreement between the Government of Armenia, Debed-Hydro LLC and the non-public contractual investment fund "Investors Club of Armenia" on the program of construction of Shnokh HPP was approved at a meeting of the Armenian Government on August 10. Shnokh HPP will provide 5 percent or more of the domestic needs of the country and will strengthen Armenia's energy security, Minister of Energy Infrastructure and Natural Resources of Armenia Ashot Manukyan stated.

On January 25, 2017 Armenian businessmen living in Russia adopted a declaration on participation in business programs of the Armenian government. "Armenian Investors Club" is the first non-public contractual investment fund in Armenia registered by the Central Bank. The goal is to promote the development of such important economic spheres as energy, including the production of alternative energy, energy and tourism infrastructures, mining industry, food and light industry with the involvement of internal and external private financial means. The fund, managed by Fora Capital LLC, will operate with the participation of the capital of new and existing companies, investing in securities, real estate, providing financing. In 2017 investments of the Fund "Armenian Investors Club" will amount to $ 300 million, from the investments promised by the government in the amount of $ 850 million.

POST A COMMENT
Input digits     


News
Ministry of Economy intends to provide business with infrastructure  assistanceMinistry of Economy intends to provide business with infrastructure  assistance
Head of Statistical Committee: In Q1 2021, the number of people  leaving the country significantly exceeds the number of people  arrivingHead of Statistical Committee: In Q1 2021, the number of people  leaving the country significantly exceeds the number of people  arriving
Vahan Kerobyan: Armenian economy will generate 100 billion drams more  in tax revenues this year than last yearVahan Kerobyan: Armenian economy will generate 100 billion drams more  in tax revenues this year than last year
June 16th marks International Day of Family Remittances June 16th marks International Day of Family Remittances 
Central Bank of Armenia is still refraining from introducing the  maximum debt burden ratio, but from July 2021 it will introduce the  LTV standardCentral Bank of Armenia is still refraining from introducing the  maximum debt burden ratio, but from July 2021 it will introduce the  LTV standard
Central Bank of Armenia improved forecast for GDP growth for 2021 to  4.6%, and forecast for growth of private transfers to 15-17%Central Bank of Armenia improved forecast for GDP growth for 2021 to  4.6%, and forecast for growth of private transfers to 15-17%
In 5 months of 2021, Armenia`s national debt increased by $ 848  million, and in 3 years by almost $ 2 billionIn 5 months of 2021, Armenia`s national debt increased by $ 848  million, and in 3 years by almost $ 2 billion
Central Bank of Armenia raised refinancing rate from 6% to 6.5%Central Bank of Armenia raised refinancing rate from 6% to 6.5%
Converse4Women - comprehensive support for Converse Bank female borrowersConverse4Women - comprehensive support for Converse Bank female borrowers
Kocharian on energy prospects for Armenia: It is not a problem to  come to an agreement with RosatomKocharian on energy prospects for Armenia: It is not a problem to  come to an agreement with Rosatom
The number of terminated CMTPL contracts continues to grow rapidly in  ArmeniaThe number of terminated CMTPL contracts continues to grow rapidly in  Armenia
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
Read more


Exchange rates
17.06.2021
RUB7.09-0.07
USD514.11-0.76
EUR614.36-9.82
GBP718.26-8.48
CAD417.26-5.39
JPY46.45-0.38
CNY79.96-0.39
CHF562.18-10.66