ArmInfo. Armenia is not ready for serious investments today. Bagrat Asatryan, an economist and former chairman of the Central Bank of Armenia, said this at a press conference in Yerevan on February 19. Referring to the indicators of economic activity in 2019 and the challenges of 2020, he noted that the growth in investment over the past decade was mainly due to specific events and specific transactions. Meanwhile, there are still no institutional mechanisms to solve the existing problem. "From an institutional point of view, Armenia is not ready for investments, but we should not wait for the results of this or next year," he said, not excluding the possibility of 1-2 deals, which, however, will not solve the problems. The economist emphasized that the authorities should do something in this direction, specific solutions are needed, including using budgetary funds that could be directed to the development of specific programs and their presentation to the international community. In this case, according to Asatryan, a positive trend can be expected, but you should not expect qualitative changes in a short period of time. According to Bagrat Asatryan, when applying specific steps that are able to regulate the field, the results can be expected in short term. "Develop the judicial system, and I promise you that the investment flow will increase qualitatively, and interest rates in the banking system will decrease significantly. The issue of property rights, the law on property declarations are insufficient to solve this problem, it is necessary to find solutions that would become reality, not a promise, especially given the current situation, "said the economist. Touching upon Amulsar issue, the economist noted that this, of course, could have a negative impact on the investment environment. "There are certain dangers, such problems must be resolved quickly. They should not be put off, the authorities should be decisive. Each day of delay endanger the republic, "Bagrat Asatryan said.
