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Armenia Offers 60 Investment Projects to Foreign Investors

In the time period between January and September of 2014, foreign investors invested as much as USD 1 billion 501.4 million in the real sector of Armenia’s economy, from which 758.3 million consisted of direct investments.

According to Armenia’s Minister of Economy, Karen Tchshmarityan, the main inflow of investments in the real sector of the country’s economy is from Russia, Cyprus, Germany, Lebanon and the Netherlands. Regarding the investments in 2014 overall, Tchshmarityan recalled that the Meridian jewelry, ophthalmological and watch-making free economic zone has been created.

“There has already been nearly $14 milion dollars in investments that have helped create 120 new jobs. As a result of the exploitation of the Free Economic Zone, we expect the engagement of 120 companies, the creation of nearly 2000 new jobs and annual exports worth USD 200-250 million,” stated the minister.