Friday, July 27 2018 12:28
Naira Badalian

Nikol Pashinyan urges businessmen to invest money the way it could  generate added value

Nikol Pashinyan urges businessmen to invest money the way it could  generate added value

ArmInfo.Prime Minister Nikol Pashinyan arrived in St.  Petersburg on a working visit on July 26.  The Head of Government met with a large group of Armenian business people from the north-western region of Russia, the press service of the government informs. 

"I want to invite all entrepreneurs to Armenia to carry out economic  activities. All the obstacles that existed before were removed, they  are no more. It is important to note the following:  corruption was  the most important of these obstacles and, in spite of the fact that  on the whole, they say, there is no corruption in Armenia any more,  but its residual effect is evident. I can assure you that an active  struggle against corruption is underway and will be continued," Nikol  Pashinyan said, adding that the fight against corruption has to do  with the activities of some companies, and for his government it is  important that this fight could not be seen and commented on as a  campaign against business.

"It is crucial for us to make it clear that business in general  cannot the target of our struggle. We guarantee the safety of  investments. By stating this, not only do we mean that no government  agency can pulverize investments, but also imply that no one can  seize part of your business, we exclude such phenomena," the Prime  Minister emphasized.  Nikol Pashinyan stressed that the Government  has only one condition in the matter of investment: it expects that  business activity will be legal. According to the Prime Minister, the  State is interested in creating new jobs and increasing government  revenues. "A week after I was elected Prime Minister, I officially  stated at a meeting with the business circles that from now on  business is freed from corruption-related liabilities. And in this  regard, I rule out any attempt to interfere with the activities of  business entities at the local level," Nikol Pashinyan assured.   Touching upon the Diaspora's new role, the Head of Government noted  that since late 1980s the Diaspora has been sending in large amounts  of money in the form of charity, which was valuable and vital to  Armenia. The Premier expressed gratitude on behalf of the people and  the State of Armenia, adding that it is necessary to make sure that  the money so donated is invested in economic activity.

"We want to create the opportunity for you to come and conduct  business in Armenia, make profit and benefit the people and the  state. We want you to earn money in Armenia, our goal is to make  opportunities to make money in Armenia as wide as possible, rather  than being content with a narrow circle. The entrepreneurial field  should be accessible to many, and we can provide it today. We hear  opinions that the business took a break and waits for the upcoming  elections. I want to emphasize that the changes that took place in  Armenia are irreversible; only a government relying on the logic of  revolutionary values can be functional in Armenia. There will be no  counter-revolution in Armenia, and I consider myself to be the  guarantor of this. Time is precious, and I do not want to lose it."  Nikol Pashinyan did not rule out that there might be some problems  associated with the applicable laws.

He said that the Government is working on the Tax Code reform in a  bid to make that field fair and well-streamlined. Touching upon his  government's economic priorities, the Prime Minister stressed that  the development of high technologies is one of them.  "Our common  priority is to turn Armenia into a country of high technology; our  goal is to promote the high-tech industry. Today, for example, the  production of solar panels has proved to be of great interest. We  will do our best to build such plants.  The second priority, which is  at the research stage, is the diamond industry, the processing of  diamonds, which was once very developed in Armenia. Now we are  studying what opportunities exist. The next priority is agriculture.  For us, a new perception of this area is very important: the creation  of greenhouse farms, intensive gardens, the production of anti-hail  networks is of great importance. Of great importance is also the  development of export-oriented industries.

The next direction is tourism and the development of related  industries. In this case, the main attention should be paid to the  environmental sector of Armenia: ensuring an environmentally friendly  environment and food is very important in the context of Armenia  becoming a tourist center," the Prime Minister said. 

  Nikol Pashinyan added that the Armenian government does not offer  anyone to transfer its capital to Armenia. "Try with a safe for you  any threshold. Let us try investing money the way it could generate  added value. We must change the logic of charity. The glorification  of charity should be replaced by the glorification of labor," the  Prime Minister said.

Nikol Pashinyan expressed his confidence that the Armenian government  has no reasons for failure. "There will be no failure: success will  come after success. Today Armenia has strong positions in foreign  policy, in the internal policy of the government there is absolute  confidence of the people, which we necessarily realize. I guarantee  that the Prime Minister of Armenia is not involved and will not be  involved in any corruption deal, we will provide equal conditions for  everyone, and your choice is to take advantage of this or not,"  Pashinyan said.

The Prime Minister also touched upon problems in the energy sector,  which had to do with the effectiveness of credit programs, tariffs,  and the activities of gas filling stations. During the meeting, the  Prime Minister answered a number of questions of entrepreneurs that  concerned the development of energy, agriculture, infrastructures and  other spheres, created conditions, the possibility of creating an  investment fund, etc.

The entrepreneurs stressed that they intended to implement various  investment projects in Armenia, and added that the changes that  occurred in their homeland had revived great hopes in the Diaspora.  They wished Nikol Pashinyan's government every success for the sake  of our people's prosperity.

POST A COMMENT
Input digits     


News
AraratBank Donates AMD 8 million to the Reconstruction of the Spandaryan CanalAraratBank Donates AMD 8 million to the Reconstruction of the Spandaryan Canal
Growth of economic activity in Armenia is due to unstable factors -  Luys Foundation Growth of economic activity in Armenia is due to unstable factors -  Luys Foundation 
New Education Platforms through Cooperation between AraratBank and Aren Mehrabyan FoundationNew Education Platforms through Cooperation between AraratBank and Aren Mehrabyan Foundation
RA CB forecasts GDP growth of 6.3-4.1% in 2026RA CB forecasts GDP growth of 6.3-4.1% in 2026
RA State Revcnue Committee is supporting businesses in properly  organizing their operation - premier RA State Revcnue Committee is supporting businesses in properly  organizing their operation - premier 
Armenian economy minister on country`s export and import plans with  Azerbaijan Armenian economy minister on country`s export and import plans with  Azerbaijan 
2% cashback for all ArCa cardholders not to apply to cashless  purchases from foreign businesses, says Deputy Finance Minister2% cashback for all ArCa cardholders not to apply to cashless  purchases from foreign businesses, says Deputy Finance Minister
Armenia has for many years been importing oil products from Turkiye -  expert Armenia has for many years been importing oil products from Turkiye -  expert 
RA health minister ready for joint programs with EAEU partners RA health minister ready for joint programs with EAEU partners 
 Roundtable discussion `Kazakhstan-Armenia: Dialogue in Tourism` held  in Yerevan Roundtable discussion `Kazakhstan-Armenia: Dialogue in Tourism` held  in Yerevan
Armenia hopes for Russia to restore railway connection with  Nakhchivan, Azerbaijan and Turkiye as soon as possibleArmenia hopes for Russia to restore railway connection with  Nakhchivan, Azerbaijan and Turkiye as soon as possible
Government ready to assist business contacts between Armenia,  Azerbaijan - Armenian premierGovernment ready to assist business contacts between Armenia,  Azerbaijan - Armenian premier
Armenian premier on forecast of GDP growth in 2026Armenian premier on forecast of GDP growth in 2026
Index of prices for industrial prices 103.6% in Armenia in Jan-Nov  2025Index of prices for industrial prices 103.6% in Armenia in Jan-Nov  2025
Armenian government approves measures and procedures for cashback on  non-cash transactions using ArCa NPS cardsArmenian government approves measures and procedures for cashback on  non-cash transactions using ArCa NPS cards
AraratBank Receives Visa Trusted Partnership Award 2025AraratBank Receives Visa Trusted Partnership Award 2025
Exponential growth in economic activity in Armenia on New Year eve Exponential growth in economic activity in Armenia on New Year eve 
Armenia to have Kap reservoir and new village - premier Armenia to have Kap reservoir and new village - premier 
RA Ministry of High-Tech Industry to expand cooperation with  Eleveight AI company RA Ministry of High-Tech Industry to expand cooperation with  Eleveight AI company 
Armenian government extends ban on export of some agricultural  products Armenian government extends ban on export of some agricultural  products 
Ban on export of whitefish caviar to be extended for six months Ban on export of whitefish caviar to be extended for six months 
Armenia and Israel discuss prospects for expanding economic  cooperationArmenia and Israel discuss prospects for expanding economic  cooperation
2% cashback to be refunded to ArCa local cards in Armenia from 20262% cashback to be refunded to ArCa local cards in Armenia from 2026
IDBank Employees’ New Year Gifts for “Hayordi” Foundation beneficiary childrenIDBank Employees’ New Year Gifts for “Hayordi” Foundation beneficiary children
Armenian, German taxation systems discussed at RA State Revenue  CommitteeArmenian, German taxation systems discussed at RA State Revenue  Committee
Armenian economy minister comments on Azerbaijani petrol price in  Armenia Armenian economy minister comments on Azerbaijani petrol price in  Armenia 
RA Ministry of Territorial Administration and Infrastructure seeking  candidate for position of acting general director of Construction of  a New Nuclear Power Plant company RA Ministry of Territorial Administration and Infrastructure seeking  candidate for position of acting general director of Construction of  a New Nuclear Power Plant company 
WB approves US $250 million in financing for Housing and Mortgage  Market Improvement Project in ArmeniaWB approves US $250 million in financing for Housing and Mortgage  Market Improvement Project in Armenia
EEC Board approves topic on consumer rights protection in EAEU  countriesEEC Board approves topic on consumer rights protection in EAEU  countries
Russia is considering supplying fertilizer to Armenia via Azerbaijan  - vice-premierRussia is considering supplying fertilizer to Armenia via Azerbaijan  - vice-premier
FLYONE ARMENIA launches Yerevan-Amsterdam-Yerevan flightsFLYONE ARMENIA launches Yerevan-Amsterdam-Yerevan flights
Kaps reservoir construction suspended Kaps reservoir construction suspended 
Yerevan`s 2026 budget estimate ready Yerevan`s 2026 budget estimate ready 
Media: Grain from Volgograd to be delivered to Armenia via AzerbaijanMedia: Grain from Volgograd to be delivered to Armenia via Azerbaijan
MSMEs share in Armenia`s GDP increased from 31% to 34% in one year MSMEs share in Armenia`s GDP increased from 31% to 34% in one year 
WizzAir to launch direct flights between Yerevan and London starting  in summer 2026WizzAir to launch direct flights between Yerevan and London starting  in summer 2026
Scholarship for 100 Artsakh Students as Part of IDBank’s “Side by Side” ProgramScholarship for 100 Artsakh Students as Part of IDBank’s “Side by Side” Program
EAEU leaders agree on approaches to developing trade with their key  partners in medium termEAEU leaders agree on approaches to developing trade with their key  partners in medium term
Kılıç: Turkish Airlines will begin daily flights on the Istanbul-Yerevan-Istanbul route from March 11, 2026.Kılıç: Turkish Airlines will begin daily flights on the Istanbul-Yerevan-Istanbul route from March 11, 2026.
Armenia proposes Egypt to consider opening  TUMO centerArmenia proposes Egypt to consider opening  TUMO center
Mining remains a social pillar of Armenia`s regions - studyMining remains a social pillar of Armenia`s regions - study
Armenia, Egypt discuss prospects for developing cooperation in  agricultureArmenia, Egypt discuss prospects for developing cooperation in  agriculture
The results of the second Junius financial literacy competition have been summarizedThe results of the second Junius financial literacy competition have been summarized
 From idea to implementation: Ameriabank Presents the Programs Implemented under My Ameria, My Armenia CSR Campaign From idea to implementation: Ameriabank Presents the Programs Implemented under My Ameria, My Armenia CSR Campaign
Armenia`s Ambassador to the United States attends USACC roundtable on  TRIPPArmenia`s Ambassador to the United States attends USACC roundtable on  TRIPP
Expert casts doubt on origin of recent Azerbaijani gasoline import to  ArmeniaExpert casts doubt on origin of recent Azerbaijani gasoline import to  Armenia
Pashinyan one again thanked Aliyev at EAEU Supreme Council meetingPashinyan one again thanked Aliyev at EAEU Supreme Council meeting
First robotic surgery performed in ArmeniaFirst robotic surgery performed in Armenia
World Bank remains reliable strategic partner in Armenia`s  infrastructure development, says MinisterWorld Bank remains reliable strategic partner in Armenia`s  infrastructure development, says Minister
In Armenia`s interbank foreign exchange market from December 15 to  19, 2025, there was a decrease in dollar and ruble transactions, with  an increase in euro transactionsIn Armenia`s interbank foreign exchange market from December 15 to  19, 2025, there was a decrease in dollar and ruble transactions, with  an increase in euro transactions
Train loaded with  SOCAR petroleum products arrives in ArmeniaTrain loaded with  SOCAR petroleum products arrives in Armenia
RA Finance Minister, French Ambassador and AFD representative discuss  budget support programs RA Finance Minister, French Ambassador and AFD representative discuss  budget support programs 
RA Economy Minister: 22 railcars of Azerbaijani petroleum crossing  Armenian-Georgian borderRA Economy Minister: 22 railcars of Azerbaijani petroleum crossing  Armenian-Georgian border
Azerbaijani fuel import to Armenia  indicates  lack of economic  policy: David AnanyanAzerbaijani fuel import to Armenia  indicates  lack of economic  policy: David Ananyan
Fly Kish starts operating flights on route Tehran-Yerevan-Tehran Fly Kish starts operating flights on route Tehran-Yerevan-Tehran 
Analyst: EDB sees a possible slowdown in economic growth outside the country as the primary risk for the Armenian economy in 2026-2028Analyst: EDB sees a possible slowdown in economic growth outside the country as the primary risk for the Armenian economy in 2026-2028
Prime Minister: Train carrying petroleum products  heading from  Azerbaijan to ArmeniaPrime Minister: Train carrying petroleum products  heading from  Azerbaijan to Armenia
 RA Prime Minister confirms that Hungary has lifted its veto on the  decision to allocate 20 million euros to Armenia within the framework  of  European Peace Facility RA Prime Minister confirms that Hungary has lifted its veto on the  decision to allocate 20 million euros to Armenia within the framework  of  European Peace Facility
Armenia  approached its Russian partners with proposal to discuss   possibility of constructing railway line from Yeraskh to  Nakhichevan  borderArmenia  approached its Russian partners with proposal to discuss   possibility of constructing railway line from Yeraskh to  Nakhichevan  border
RA Prime Minister of Armenia to attend  Supreme Eurasian Economic  Council Meeting  in St. PetersburgRA Prime Minister of Armenia to attend  Supreme Eurasian Economic  Council Meeting  in St. Petersburg
Read more
Exchange rates
05.01.2026
RUB4.72-0.15
USD381.550.19
EUR445.99-3.02
GBP513.64-1.96
CAD277.13-1.50
JPY24.37-0.10
CNY54.620.06
CHF480.18-3.66