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Armenian PM: Armenia's embassies abroad must be more active in attracting foreign investors

  • by Alexandr Avanesov

  • Wednesday, May 21, 17:15

 Armenia's embassies abroad must be more active in attracting foreign investors, Armenian Prime Minister Hovik Abrahamyan said in the Parliament on Wednesday.

"Our task is not to open more embassies but to make the existing ones more efficient. Our ambassadors must be more active in attracting potential investors. For example, the Ambassador of Belarus to Armenia meets with our businessmen almost every day and keeps inviting them to invest money in his country. Our ambassadors must act likewise," Abrahamyan said.

Meanwhile, while speaking about the Government's program for 2014-2017 opposition MP from Heritage Party Tevan Poghosyan said that investment environment in Armenia is deteriorating. "In other countries investment is investment, in Armenia it is a relationship between the government and the private sector. Any investor perfectly knows that in Armenia economy is based on relative ties and most of deals are concluded behind closed doors," Poghosyan said.

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