Nerses Yeritsyan: Armenia successfully attracts foreign investmentsNovember 30, 2010 - 13:50 AMT PanARMENIAN.Net - A national conference on direct foreign investments in Armenia kicked off in Yerevan on November 30. “Attraction of investments was one of the key provisions in the President’s election program. Transformation of our economy is profoundly dependent on our ability to realize it, what we successfully do,” Economy Minister Nerses Yeritsyan said in his opening remarks. “Direct foreign investments can help mobilize internal resources,” he added. For his part, head of the Armenian Development Agency Robert Harutyunyan noted that conference offers an opportunity to discuss achievements and drawbacks. “About 3700 companies with foreign capital are operating in Armenia. At that, the amount of direct foreign investments increased by 4% in the first half of 2010 while the volume of total investments decreased by 8%,” 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 | 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. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |