SECOND ARMENIA-DIASPORA CONFERENCE SLATED FOR SEPTEMBER 20
Armenpress
Jun 1 2006
YEREVAN, JUNE 1, ARMENPRESS: More than $2 billion have been invested in
Armenia’s real sector of economy in the 15 years of its independence
from former Soviet Union. Speaking to a news conference today deputy
trade and economic development minister Tigran Davtian said this
figure did not include credits, grants and assistance.
He said there are 3, 500 companies in Armenia with foreign
capital. Davtian said the bulk of these investments, about $1.5
million, were made in the last 4-5 years. In 2005 alone, he said,
foreigners invested about $0.5 billion in Armenian economy. According
to some estimates, about 65 percent of investments between 1988-2004
were made by Diaspora Armenians.
Overall their share is about 25-30 percent.
Davtian said Diaspora Armenians invest largely in small and
medium-sized businesses and added that the government plans to lift
in 2007 a set of privileges set for foreign companies to make all
equal. He said the second Armenia-Diaspora Economic Conference is
slated for September 20. About 1000 Armenians from around the globe
are expected in Yerevan.