Armenia’s economy becoming attractive to U.S. investors: envoyFebruary 11, 2016 - 18:28 AMT PanARMENIAN.Net - Armenia’s economy has reached a stage of stabilization which makes it attractive to the U.S. investors, the States' ambassador to Armenia Richard Mills said, according to Tert.am. U.S. President Barack Obama has recently made a statement suggesting the historic level of U.S. investment in Armenia in 2015 is just the beginning of expanded trade and investment ties. “The U.S. President’s comments reflect the priorities of the Obama administration and the embassy in Armenia, i.e. investments and trade,” Richard Mills noted. “Last year saw important developments in the sector, including the Vorotan hydroelectric system deal, the largest one-time U.S. investment in Armenia. The countries signed a framework trade and investment agreement, which is supposed to help both governments remove obstacles to bilateral trade.” Ambassador Mills said he believes that the lifting of international sanctions against Iran could make Armenia a suitable platform for establishing business relations between the U.S. and the Islamic Republic. He added that the embassy’s objective to attract more investment runs parallel with their partners’ efforts towards reducing corruption in Armenia. The diplomat further stressed the importance of ensuring equal conditions for all businesses (whether Armenian, Russian or other), necessary for attracting investments and cutting corruption risk in support to the domestic entrepreneurs. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |