A new investment fund will be established in Armenia in accordance with the government's program, economic development and investment minister Suren Karayan told a parliamentary hearing on 2017 draft budget today, organized by several committees, ARKA reports.
In his words, the fund to be established in 1-2 weeks, will contribute to the promotion and implementation of direct investments in Armenia.
According to the minister, in the first stage it will be government-run. In future the private sector will join it and later it is supposed to become entirely privately-run. In general, according to the minister, the government expects growth of investments as a result of ongoing activities.
"Our goal is to enhance the attractiveness of Armenia as a field for investment, to remove all administrative obstacles, to create the necessary institutional framework to encourage investment, make laws simple and affordable, to form investment protection institutions and develop all the financial instruments, which are not yet available in Armenia or do not operate fully," Karayan said.
