End of 2009 will show possible changes in Armenia's ability to attract investmentsSeptember 8, 2009 - 16:36 AMT PanARMENIAN.Net - End of 2009 will show possible changes in Armenia's ability to attract investments, "Economy and values" research center representative Sevak Hovhannisyan told a PanARMENIAN.Net reporter. According to him, paradoxically, in 2008 Armenia showed the highest results for foreign investments' attraction volume. "This was linked to foreign investments' attraction in the framework of major infrastructure projects implementation. As for 2009, end-of -year results will determine Armenia's ability to attract investments," he noted.We have some concerns that Armenia's economic structure will remain unchanged even upon overcoming financial crisis consequences, Hovhannisyan noted. "Among structural changes, IT sphere plays an important role for business development in RA, promoting economic growth. Still , I have some concerns that economic structure will not see significant changes," he said. 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 | Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents. “By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. 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. |