ArmInfo. Armenian Minister of Economic Development and Investments Tigran Khachatryan received representatives of Amber Capital company, the press service of the Ministry informs.
The company creates the first investment fund in the Republic of Armenia with equity participation. The main investors of the fund are the EU, the European Bank for Reconstruction and Development and Amber Capital. The leadership of the Armenian office of Amber Capital presented the priority investment programs and the volume of investments to the Minister.
The parties discussed the importance of investments made by funds and other institutional investors in terms of localizing and further spreading the culture of corporate governance in Armenia. The meeting participants were unanimous in their opinion that the promotion of corporate governance principles has a positive effect on ensuring financial flows from local organizations and access to foreign markets, as well as on the development of capital markets in Armenia. The Minister highly appreciated the atmosphere created by the activities of such organizations. The opening of the fund will take place in the second half of this year.
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