ArmInfo. Armenian Minister of Economy Gevorg Papoyan believes that Armenia has no issues with investments. He stated this in an interview with Public Television of Armenia, in response to a question about the decrease in investment volumes in Armenia's economy, as evidenced by official data.
The Minister noted that further discussions in these matters could take place once the final data is received. However, he emphasized that his opinion is based on several significant investment projects currently being implemented in Armenia. In this vein, Papoyan mentioned the Amulsar gold mining project, which is being implemented, among other things, thanks to American investments. He mentioned that construction is currently underway and expressed hope that the mine will start operating in November.
The second major project is the construction of the solar station "Ayg-1" by the Emirati company "Masdar". According to Papoyan, there is already a roadmap in place, and the parties are moving forward, even ahead of the planned pace. , he said. Without disclosing details, the minister also noted that Armenia will collaborate with the Emirati side on several big investment projects. Additionally, Papoyan announced the upcoming opening of a metal smelter in the Armavir region. The project was made possible thanks to Iranian investments. The plant, according to him, will produce finished complex products.
Note that according to the Statistical Data of the Republic of Armenia, the net flow of total foreign investment in the real sector of the Armenian economy decreased by 14.3% annually in January-March 2025, reaching a positive $98.1 million (38.4 billion drams) from a positive $114 million (44.8 billion drams). The net flow of foreign direct investment (FDI) went from negative $73.3 million (28.8 billion drams) to positive $14.6 million (5.7 billion drams), increasing 2.2 times year-on-year. At the beginning of the year, during a press conference, Papoyan stated that a full cycle of the mine's operation would lead to a 1% annual growth in GDP, generating $120 million in taxes annually, creating numerous jobs, providing subsidies to communities bordering the deposit. etc.
