The Armenian government plans to raise the level of investment in fixed assets to 23% of GDP, Economic Development and Investments Minister Tigran Khachatryan told a news conference.
He said at the end of 2018, this figure was approximately 17%. ‘We should not forget that a great deal depends on creating favorable conditions for attraction of foreign investment, and a great deal depends on our behavior. Are ready to form our own savings and invest them?’ he said.
He said the government has summed up the investment projects, which were submitted by companies anticipating some kind of support. These are the projects in such areas as energy, manufacturing, infrastructure, information technology, and tourism.
He said at the moment there are 57 such projects worth about $2.7 billion. “Work is underway to advance each project,” Khachatryan said.
According to the National Statistical Committee, foreign direct investment in Armenia in 2018 amounted to $254.3 million compared to $249.8 million in 2017.
