AMONG CIS COUNTRIES ARMENIA IS A LEADER IN ATTRACTING INVESTMENTS

/PanARMENIAN.Net/
30.07.2009 17:52 GMT+04:00

/PanARMENIAN.Net/ More than 70 per cent of agencies to attract
investments are not fully utilize their capacities to attract
investment, results of the International Finance Corporation (IFC)
study testifies. Austrian Business Agency ranks the first in the
survey. Several middle-income countries – in particular, Brazil,
Botswana, Columbia have shown excellent results in attracting
investments.

Among CIS countries Armenia is a leader in attracting
investments. However, foreign investors who turn to state agencies to
make investments in the former Soviet Union countries are likely to
be disappointed: all former Soviet Union countries except Armenia,
Georgia and Azerbaijan were included in the group of "weak" and
"very weak" in respect of showings indicating their interaction with
potential investors.

In fact, the vast majority of countries in the region, government
agencies, responsible for attracting foreign direct investments,
either simply not responded to requests from investors, or turned to
be unavailable.