Among CIS countries Armenia is a leader in attracting investmentsJuly 30, 2009 - 18:52 AMT PanARMENIAN.Net - More than 70 per cent of agencies to attract investments are not fully utilize their capacities to attract investment, results of the International Finance Corporation (IFC) study testifies. Austrian Business Agency ranks the first in the survey. Several middle-income countries - in particular, Brazil, Botswana, Columbia have shown excellent results in attracting investments.Among CIS countries Armenia is a leader in attracting investments. However, foreign investors who turn to state agencies to make investments in the former Soviet Union countries are likely to be disappointed: all former Soviet Union countries except Armenia, Georgia and Azerbaijan were included in the group of "weak" and "very weak" in respect of showings indicating their interaction with potential investors. In fact, the vast majority of countries in the region, government agencies, responsible for attracting foreign direct investments, either simply not responded to requests from investors, or turned to be unavailable. 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 | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |