ArmInfo. Minister of Economic Development and Investments of Armenia Suren Karayan believes that the investment environment in the country has always contributed to attracting investments. He stated this on September 18 in an interview with journalists before the opening of the 6th All-Armenian forum "Armenia-Diaspora", which is held under the motto "Mutual trust, unity and responsibility."
At that, responding to the remark that Armenia's investment climate is not quite comfortable, especially for the inflow of investments from the Diaspora, the minister noted that Armenians from the Diaspora are investing in Armenia. As Karayan noted, the volume of these investments was in line with expectations.
To note, in the first half of the year 2017 foreign investments in the volume of the order of more than $ 1.024 billion were received by the real sector of the economy of Armenia. The growth was 36.6%. Of these, almost $ 328 million came in the form of FDI (with an annual growth of 26.3%). As explained in the Ministry of Economic Development and Investments of Armenia, in the first quarter, $ 516.7 million (including FDI - $ 194 million) was received, and in the II quarter - $ 507.7 million (including FDI - $ 133.9 million). At the same time, the net flow of general foreign investment in the first half of this year. fixed at the minus level of $ 51.2 million, out of which FDI - $ 35.6 million. In the total flow of net foreign investment, positive gross volumes were recorded for offshore companies in Jersey ($ 65.3 million) and Cyprus ($ 13.7 million), as well as United Arab Emirates ($ 1.1 million), Hungary ($ 806.3 thousand) and Cuba ($ 729 thousand), and large negative volumes in France ($ 15.1 million), Canada ($ 11 million), Germany ($ 8.9 million) and the Netherlands ($ 8.5 million). In terms of FDI, large positive net investments were recorded in Jersey ($ 65.3 million), Germany ($ 15.7 million) and Great Britain ($ 3.4 million). The gross volume of foreign investments received in the real sector of the Armenian economy as of July 1, 2017 amounted to $ 13.98 billion, of which $ 7.636 billion - FDI. The championship is held by Russia - $ 5.083 billion, followed by Germany - $ 1.505 billion, Cyprus - $ 1.056 billion and France- $ 1.055 billion.
To note, in February 2017 the Prime Minister of Armenia Karen Karapetyan announced the possibility of attracting investments of $ 3.2 billion in coming years. Of these, 830 - 840 million are expected this year. Topics by the end of 9 months of 2016, foreign direct investment in Armenia amounted to only $ 92 million.