ArmInfo. A State Interest Fund will be established in Armenia. This decision was made at a government meeting on April 18. According to Minister of Economic Development and Investments of the Republic of Armenia Tigran Khachatryan, with the adoption of this decision, another attempt is made to ensure the flow of investments into the country's economy. It is envisaged that the structure of the fund, the charter and the executive body will be formed within the next month.
The Fund will promote investment programs worth over $ 10 million. In addition, the Fund will receive the rights to develop and promote its investment projects that will interest private investors.
The minister also said that the powers of the disbanded "Business Armenia" Foundationwill be transferred to the National Center for the Development of Small and Medium Enterprises.
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