Armenia is sixth among the eight countries of the Central Asia and the South Caucasus in the ECED investment attractiveness ranking.
The Eurasian Development expert center says in its report that Armenia has a relatively diversified economy, quite qualified human resources and relatively favorable investment climate.
At the same time, analysts at the center point out some foreign policy risks, such as an armed conflict with Azerbaijan, transport blockade, scant resources, social antagonism and political destabilization risks.
Taking into account all these circumstances, the analysts’ outlook for Armenia’s investment climate is negative.
Atom Margaryan, a professor at the Armenian State University of Economics, told ARKA News Agency that one aspect has been omitted in this study – countries’ ability to develop information technology industry.
In his opinion, Armenia is able to generate technologies thanks to the high quality its human resources in research, science, technology, experimental, and civil industries as well as in services segment.
He also said that the EU economic preference GSP+ and the US and other countries’ GSP Armenia enjoys despite its membership in the Eurasian Economic Union has not been taken into account as well as the plan to create a free economic zone with Iran, which will allow Armenia to become a bridge for exports to the 80-million Iranian market and the 175-million Eurasian market.