ArmInfo. In 2018, the Armenian Development Fund (ARF) plans to increase the volume of export contracts to 7.8 billion AMD. The Executive Director of the ARF Armen Avagyan reported this to the RA Prime Minister Karen Karapetyan on March 16 at the regular meeting of the Fund's Board of Trustees.
According to the press service of the Armenian government, Armen Avagyan informed that during the last year a number of structural changes were implemented in the fund, 29 investment programs amounting to 1.577 billion AMD were submitted to foreign investors, which concerned such spheres as tourism, light industry, agriculture, health and others. Over the past year, Armenian companies have concluded export contracts worth AMD 5 billion at the international exhibitions in the spheres of textile industry, winemaking, as well as jewelry and shoe fields.
During the meeting it was also noted that the foundation founded information pavilions in Beirut, Dubai and Moscow, which are engaged in registration of organizations wishing to work in Armenia, and also offer investment and export companies to foreign investors.
The participants of the meeting also discussed and approved the new trademark and slogan of the Development Fund of Armenia, and also approved the proposal to rename the fund in "Business Armenia". "Thus, we are sending a direct message that our work is conducted in the business sphere, which will be more perceived for investors," Avagyan said.
