Karen Karapetyan assures: now is the best time to do business in Armenia

ArmInfo. The multiplicative effect of all implemented and planned investment projects will be gradually manifested and will give a new round of positive social and economic changes, and will strengthen Armenia's image on international platforms as a country where it is comfortable to live, relax and conduct business. The head of the government of Armenia Karen Karapetyan stated in an interview with RIA Novosti.

The Premier recalled that on November 13, 2017 in Yerevan, the Tashir Group of companies, the company "Electric Networks of Armenia" presented the investment program in the energy sector of the Republic with the total volume of more than one billion US dollars as part of the initiatives of the "Investors' Club of Armenia". In the distribution networks, which are included in the Tashir Group's asset since 2015, investments of about $ 900 million will be sent to the reconstruction of the current electric power infrastructure and the introduction of an automatic system for commercial electricity metering in the coming years. Another investment project of the "Tashir" group of companies in the energy sector of Armenia will be the construction of the Shnokh hydroelectric power station. Investments in the project will amount to about 200 million US dollars. In addition to the above, as Karen Karapetyan noted, major infrastructure projects are being implemented, such as the construction of the North-South road corridor, the construction of a new housing complex in the capital, the project to build a new ethnic neighborhood Noy in Yerevan, complex, there will be hotels, studios, painting workshops and national crafts. A project is under way to restore the Kumayri architectural reserve in the historic part of Gyumri. In the process of preparation, comprehensive investment programs and other major tourist destinations in several regions of Armenia. Large investment projects started in the mining, as well as light industry. In Armenia, day by day, organic and greenhouse agriculture is increasingly spreading, production of which is in great demand. "As you know, Armenia enjoys international prestige in the fields of fruit and vegetable processing, canning, production of dried fruits and juices, and local water and alcoholic products have become a visiting card of Armenia," he said.

According to the Armenian government, the multiplier effect of all these projects will naturally show gradually and will give a new round of positive social and economic changes, and will strengthen Armenia's image on international venues as a place where it is comfortable to live, relax and conduct business. "In general, I must say that one of our main goals is to create the most comfortable conditions for doing business in the country, and taking into account all the above, I can assure that now is the best time to do business in Armenia," Karen Karapetyan concluded. .

On November 13, 2017, at the presentation of the investment program, in which President Serzh Sargsyan participated, the Tashir Group of Companies, the Investors Club of Armenia and international financial institutions invest about $ 1 billion in the energy sector of Armenia in the next few years.

The group of companies Tashir, headed by a large Russian businessman of Armenian origin Samvel Karapetyan and Inter RAO, signed an agreement on the purchase and sale of electricity assets of the Russian energy holding in the Republic of Armenia - Electric Networks of Armenia and Hrazdan Thermal Power Plant on September 30, 2015.