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).
