RA Ministry of Economy discusses the concept of establishing a  private investment fund

ArmInfo. On April 4, Armenian Minister of Economy Gevorg Papoyan  received entrepreneur and philanthropist Nubar Afeyan.  During the meeting, as reported by the  press service of the Ministry of Economy, the parties discussed the  concept of establishing a private investment fund to enhance  cooperation between the state and the private sector. They also  addressed issues related to improving and increasing the  attractiveness of Armenia's investment environment.

The Minister emphasized the significant role investments can play in  the economic development of the country and stressed the importance  of creating favorable conditions for foreign investors. Papoyan  confirmed that the department is actively working to enhance  investment conditions and is willing to continue collaborating on  innovative and important initiatives for economic growth. 

It should be noted that according to the RA Statistical Committee,  the net flow of total foreign investment in the real sector of the  Armenian economy decreased in January-September 2024 to negative  $119.5 million (46.3 billion drams) from positive $353.7 million  (139.2 billion drams) or 2.3 times year-on-year.  However, the net  flow of foreign direct investment (FDI) remained positive,   decreasing 9 times year-on- year - from $436 million (171.5 billion  drams) to $48.5 million (18.8 billion drams).