Armenian government aproves project to attract foreign investment funds

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Economy

18.01.2024, 16:24

The Armenian government at a session on Thursday approved a project aimed at stimulating the entry of foreign investment funds into the Armenian market.

Armenian government aproves project to attract foreign investment funds

YEREVAN, January 18. /ARKA/. The Armenian government at a session on Thursday approved a project aimed at stimulating the entry of foreign investment funds into the Armenian market.

According to Deputy Minister of Economy Ani Ispiryan, if a foreign investment fund opens a branch in Armenia and acquires a stake worth at least AMD 250 million, the state will invest 30% of the fund's net assets, but not more than AMD 3 billion.

These funds must be managed by companies with assets over $1 billion and invest in Armenian resident companies or in their authorized capital, operating in Armenia's priority economic sectors, which are processing industry, energy and tourism. ($1 - AMD 405.25). --0--

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