New Armenian government received $1 billion worth investment proposals
03.09.2018,
12:46
The new government of Armenia has received one billion USD worth investment proposals, Economic Development and Investments Minister Artsvik Minasyan said at a press conference on Monday.
YEREVAN, September 3. /ARKA/. The new government of Armenia has received one billion USD worth investment proposals, Economic Development and Investments Minister Artsvik Minasyan said at a press conference on Monday.
He said investors’ interest in Armenia began to surge from May. He added that after assessing real indicators, the government has singled out the most realistic investment proposals worth $240 million.
"Now we are working with these investors so that their ideas are transformed into business plans or business initiatives to achieve concrete results," Minasyan said.
The minister also singled out Armenia’s ‘unprecedented’ economic growth of 8.3% in the first six months of this year, the highest over the last eight years.
According to him, trade and services grew by 9.5%, contributing 5.3 pp GDP growth; construction sector grew by 8.9%, (0.5 pp GDP growth). The industry grew by 6.8% (1.4 pp GDP growth), agriculture - by 5.8% (0.5 pp GDP growth). Also the added value of net taxes grew by 8.7% (1pp GDP growth).
‘Armenia’s economic activity in January-July grew by 9.3% with industrial output growing by 4.3%, year-on-year, agricultural output growing by 4.6%, construction - by 10% , 4%, goods turnover by 8.9%, and services by 18.7%," Minasyan said. -0-
He said investors’ interest in Armenia began to surge from May. He added that after assessing real indicators, the government has singled out the most realistic investment proposals worth $240 million.
"Now we are working with these investors so that their ideas are transformed into business plans or business initiatives to achieve concrete results," Minasyan said.
The minister also singled out Armenia’s ‘unprecedented’ economic growth of 8.3% in the first six months of this year, the highest over the last eight years.
According to him, trade and services grew by 9.5%, contributing 5.3 pp GDP growth; construction sector grew by 8.9%, (0.5 pp GDP growth). The industry grew by 6.8% (1.4 pp GDP growth), agriculture - by 5.8% (0.5 pp GDP growth). Also the added value of net taxes grew by 8.7% (1pp GDP growth).
‘Armenia’s economic activity in January-July grew by 9.3% with industrial output growing by 4.3%, year-on-year, agricultural output growing by 4.6%, construction - by 10% , 4%, goods turnover by 8.9%, and services by 18.7%," Minasyan said. -0-
