ADA TO INVOLVE DIASPORAN BUSINESSMEN IN ARMENIA’S ECONOMIC DEVELOPMENT
ARKA News Agency, Armenia
March 13 2006
YEREVAN, March 13. /ARKA/. The Armenian Development Agency (ADA)
intends to involve diasporan businessmen in Armenia’s economic
development, ADA Director General Vahan Movsisyan told a press
conference.
According to him, Armenia has a great potential abroad – about 6mln
people or 1.5mln Armenian families – which can ensure the local
economy’s rapid development.
“However, we are not using this potential to the full measure,”
Movsisyan said. According to him, surveys conducted by ADA revealed
about 300-400 diasporan businessmen that had no relations with
Armenia. “We must not expect investors to wish to come to our market.
We ourselves must encourage them, arouse their interest in investing
capital in Armenia’s economy,” Movsisyan said.
According to him, an ADA-held propaganda campaign resulted in the
formation of a trading network that united interested Armenian
businessmen. Movsisyan pointed out that ADA’s policy caused Canada
and Iran-based Armenian businessmen to come to Armenia.
Argentina-based Armenian businessmen are also expected to launch
activities here, and contacts are being established with US-based
Armenian businessmen as well.
“We plan to organize a business forum for businessmen in Yerevan in
June,” Movsisyan said.
He said that ADA attracts not only individual businessmen, but also
large companies, such as Microsoft, Ericsson, Sonix.