Today in the National Assembly, journalists asked the Armenia’s Deputy Minister of Economy Avag Avanesyan to comment on what the Acting Minister of Economy Vahan Kerobyan meant when he said that investments were pouring into Armenia.
According to Avanesyan, Vahan Kerobyan’s statement referred to the fact that the investment field is becoming more and more regulated.
“We have said many times that in the medium term the investment field of Armenia will continue to be interesting for investors. There is interest from various organizations, both Armenian and foreign. Of course, there is some caution, it is understandable, but what the minister said, most likely, was that the interest remains.
If we look at the construction sector in pure nominal terms, we have been able to relatively restore the level of 2019 in these quarters, which is not bad. Of course, now we are looking very closely at all areas, especially the processing industry, taking into consideration the fact that it will be one of the key areas of our economic recovery and future growth, because, yes, we must create value for the world. In some places, the results are already quite good, but it is clear that changes in the structure in the post-war and post-coronavirus periods can lead to the fact that the areas that are currently in good condition may be in bad condition, and vice versa. For example, the tourism sector, according to our forecasts, should begin to recover quickly,” said the Deputy Minister, emphasizing that the image of tourism will largely depend on international tourism flows.
As for investments in the agricultural sector, Avanesyan stated that large-scale intensive gardens have been established in recent years.
“We are going to encourage it. Yes, intensive horticulture and agriculture will be the branch in which agriculture should develop. We, as a society, will only benefit from that, so we must direct public resources to the transition to intensive agriculture to take place quickly,” said the Armenia’s Deputy Minister of Economy.
