Armenia seeks to implement 341 investment projects worth $3.2 billion

PanARMENIAN.Net - A total of 341 investment projects worth about $3.2 billion have been selected from a host of others submitted by the private sector and line ministries during visits to the provinces. The projects will be financed from various sources, including the state budget, municipal budgets and the private sector, Armenian Prime Minister Karen Karapetyan said Monday, February 13.

The premier was meeting with representatives of the European Business Association and the European companies operating in Armenia, as well as head of EU Delegation to Armenia, Ambassador Peter Switalski.

“These programs have financial sources and partners. We consider it realistic to implement projects with a total amount of $840 million in 2017. Additional 79 projects worth about $5.3 billion are under discussion in the government. We have reached preliminary agreements: they are open for investment and partnership,” Karapetyan said.

The PM said the government is paying special attention to improving tax and customs administration, taking into account the problems and grievances of the business community. The issue will also be discussed at the Center for Strategic Initiatives, he added.

“In the near future, the State Revenue Committee will publish a list of law-abiding taxpayers. The banks will give these companies loans at lower interest rates, not because we have recommended so, but because they are more predictable and reliable. We will do everything for white-listed and law-abiding businesses to enjoy advantages,” Karapetyan stressed.