Tuesday, January 21 2020 19:10
Alina Hovhannisyan

Tatul Manaseryan: Government should start considering stimulating  domestic investments

Tatul Manaseryan: Government should start considering stimulating  domestic investments

ArmInfo. One should not expect anything special regarding foreign investment in the RA economy in 2020. A similar statement was made by economist, Professor  Tatul Manaseryan at a press conference on January 21.

The expert also substantiated his opinion by the lack of activity  regarding domestic investments. In particular, Manaseryan complained  that none of the representatives of the state management system  raised the issue of the need to stimulate primarily local investors.

In this vein, he drew attention to the fact that if an investor  intends to invest in the economy of a country, he is primarily  interested in whether the citizens of the country invest in the  development of the economy.  , he said. Such an  environment, according to the economist, will help attract foreign  investment. "We should be the first to invest in the development of  our own country," he emphasized.

According to the information provided by the Ministry of Economy of  the Republic of Armenia, over 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 were direct  investments, which is $ 68 million less than 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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