Wednesday, October 10 2018 14:08
Marianna Mkrtchyan

Mills: US has great interest in the economic future of Armenia

Mills: US has great interest in the economic future of Armenia

ArmInfo.US Ambassador to Armenia Richard Mills is satisfied with the dynamics of deepening of the Armenian-American cooperation in the trade and economic sector.

The Ambassador noted that during his diplomatic mission, the embassy  assisted business representatives to ensure interaction in areas such  as renewable energy, agriculture, tourism and others.

"Over the past 3.5 years, we have witnessed hundreds of millions of  dollars of investments attracted. There is a great interest in the  economic future of Armenia, I do not want to point at all the  investments, but I would like to bring one example. So, for example,  Contour Global invested $ 250 million to modernize the Vorotan  cascade of hydropower plants. This is an important investment that  helped make a serious contribution to the energy sector of Armenia  and contributed to its energy security, "said Mills on  October 9,  speaking to members of the Armenian-American Chamber of Commerce. He  added that American businessmen are exploring investment  opportunities in various fields - from the hotel business to the  development of IT.

At the same time, he stressed that over the past 6 months, there have  been obvious changes in Armenia, and it is paving its own democratic  path, and the United States as a partner in sustainable development  will always be close to Armenia. "And now, when the country has  embarked on this path, hard and painstaking work is expected," he  said, adding that a successful transition will certainly ensure a  consistent fight against corruption, the formation of a multiparty  parliament, through fair and transparent elections, and the opening  of jobs , the formation of an open and innovative economy.

"In recent years, serious attention was paid to the field of  information technology. The United States played a priority role in  advancing Armenia in this direction. The United States Agency for  International Development invested $ 8.7 million and helped raise  about $ 11 million in other areas. And if Armenia wants to create an  economy that will open opportunities for everyone to open the  necessary jobs, then the development of this sector will be only part  of the solution to the problem. Of course, we appreciate Armenia's  achievements in the field of IT, but it is necessary to form a  diversified economy, which will take into account the current reality  and will provide jobs for all ", - the diplomat said, adding that the  IT field can not meet the demand of all the labor market and there is  need to stimulate other directions, such as tourism, clean energy,  agriculture.

He expressed concern about the voiced statements that the  government's funds should be directed to the development of the IT  field, which, according to him, would harm the development of other  areas.

Answering the question of AmCham participants about the economic  opportunities of the Republic of Armenia, Mills stressed that Armenia  has all the possibilities for ensuring economic growth, "I am sure  that in the near future we will see investments from the East,  including from Russia and China, as well as the development of the  tourism sector in Armenia and the intensification of the Armenian  Diaspora," - said Mills, adding that in recent years, representatives  of the Armenian Diaspora in the United States were unhappy with the  actions of the Armenian authorities, and now they are interested in  the development of the country and are interested in what they can do  for Armenia.

"I think that Armenia should make maximum use of this resource. I am  optimistic about the development of Armenia, but the situation around  Iran will also play an important role. If Iran accepts the proposed  positive changes, then they can become a gateway for Armenia to new  markets, otherwise  tension in the region can increase. Armenia,  taking into account its good relations with Iran, can talk with it  and explain the situation, make sure that events develop in a  positive direction not only for the country, but also for region as a  whole ", - concluded the Ambassador.

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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000

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