Armenia Forum-2016 strong message to attract investments - economist
The international Armenian business forum in New York was a strong message to our compatriots in the Diaspora to make more investments in the country, says an economist.
Commenting on the President Serzh Sargsyan’s speech, delivered at Armenia Forum 2016, Vilen Khachatryan described it as an encouraging call for attracting more investments in the country’s “safe and secure” economy.
“I cannot say how many investors will react to the forum or how many contracts will be signed, as the executive act is expected to reflect the indices,” he said, admitting the competitive disadvantages in the small market of Armenia.
Highlighting the importance of increasing the foreign investments, Khachatryan particularly called for stronger efforts towards boosting the export to the Eurasian economic market (member states of Eurasian Economic Union). “We practically consider only the Russian market given that our partnership is developing only with Russia. As for the other trends the president spoke of (Chinese or Iranian), we have problems with railway transportation here. So that’s something to think about,” he added.
Khachatryan further proposed considering the Georgian market's potentials, which he said could be a gateway to Europe and beyond.
In his words, potential investors very often consider the kind of investments made in or from the selected country. “The difference between the two has increased over the past years. The fact is that many investors simply divest their capital from our country. So we need to consider the reasons: study thoroughly each and every sector to see the emerging problems or consider further efforts towards making Armenia more attractive.”
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