Tuesday, January 14 2020 16:59
Alina Hovhannisyan

Ministry of Economy promises improvement of investment indicators of   country in 2020

Ministry of Economy promises improvement of investment indicators of   country in 2020

ArmInfo.According to the results of 2019, the ratio of gross investments (from the state and the private sector) to the GDP of the RA will be, like for three  consecutive years, about 16%.  Minister of Economy of the Republic of  Armenia Tigran Khachatryan stated this at a press conference on  January 14.

He emphasized that in this regard, the Armenian government has set a  target of at least 25%, for which the authorities intend to increase  the volume of state investments and, through improving the quality of  infrastructures, create more favorable conditions for the development  of efficient business, which in turn will contribute to the growth of  private investments.

<This year's indicators, in my opinion, are still not at the level we  would like to have. But we are confident that in 2020 we will  register higher investment rates, which will differ significantly  from what we had since 2017>, Khachatryan said.

Answering the question of ArmInfo correspondent, Khachatryan noted  that Russia, Germany and Italy are among the largest investors. In  areas, investors prefer energy, mining and manufacturing, and trade.

According to the information provided by the Ministry of Economy of  the Republic of Armenia, for the 9 months of 2019, the net flow of  total foreign investments into the real sector of the economy of the  Republic of Armenia amounted to about $ 267 million (against -1 $  billion a year earlier), of which $ 60 million fell from direct  investments, which is less $ 68 million a year ago. Gross foreign  investment as of October 1 exceeded $ 20 million (including FDI - $  9.1 million), in the structure of which the Russian Federation  continues to dominate ($ 7.3 million, including FDI - $ 4.4),  followed by Germany ($ 2.8 million) and Cyprus ($ 1.4 million). 

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