Foreign investments in Armenia are politically-motivated, Manaseryan says
27.06.2017,
15:51
The head of a Yerevan-based think tank claimed today that foreign investments in Armenia are politically-motivated.
YEREVAN, June 27. /ARKA/. The head of a Yerevan-based think tank claimed today that foreign investments in Armenia are politically-motivated. Speaking to reporters, Tatul Manaseryan, the head of ‘Alternative’ think tank, argued that investments in Armenia are made by those countries, which have specific political interests here.
However, according to Manaseryan, this fact does not prevent Armenia from harmoniously combining its interests with the economic and political interests of other states.
Manaseryan criticized the government for its passivity regarding investments. According to him, the lion's share of investments is carried out on the basis of common ideas. He also noted the importance of the potential of the Armenian Diaspora in the context of human resources.
"The Armenian government is obliged to calculate the potential of the Diaspora and use it for the development of the Armenian economy," the expert said.
He said also that Armenia has a huge potential, which needs to be identified through research. He noted that the government needs to have an accurate picture of human, natural and financial resources of each community, stressing also the importance of forming a culture of corporate governance.
"Until this happens, Armenia will remain a vulnerable country that can be kept dependent," concluded Manaseryan.
According to the National Statistical Service (NSS), foreign direct investments (FDI) into the Armenian economy in the first quarter of 2017 amounted to the equivalent of 19.743.2 billion drams, up from 14.987.2 billion drams in the same time span of 2016, an increase of 31%.
The largest amount of foreign direct investment came from the island of Jersey (British Crown Domains) - 5.7 billion drams, 4.7 billion drams came from Russia, 3.9 billion drams from Germany, 3 billion drams from Cyprus and 2.1 billion drams from Lebanon. -0-
However, according to Manaseryan, this fact does not prevent Armenia from harmoniously combining its interests with the economic and political interests of other states.
Manaseryan criticized the government for its passivity regarding investments. According to him, the lion's share of investments is carried out on the basis of common ideas. He also noted the importance of the potential of the Armenian Diaspora in the context of human resources.
"The Armenian government is obliged to calculate the potential of the Diaspora and use it for the development of the Armenian economy," the expert said.
He said also that Armenia has a huge potential, which needs to be identified through research. He noted that the government needs to have an accurate picture of human, natural and financial resources of each community, stressing also the importance of forming a culture of corporate governance.
"Until this happens, Armenia will remain a vulnerable country that can be kept dependent," concluded Manaseryan.
According to the National Statistical Service (NSS), foreign direct investments (FDI) into the Armenian economy in the first quarter of 2017 amounted to the equivalent of 19.743.2 billion drams, up from 14.987.2 billion drams in the same time span of 2016, an increase of 31%.
The largest amount of foreign direct investment came from the island of Jersey (British Crown Domains) - 5.7 billion drams, 4.7 billion drams came from Russia, 3.9 billion drams from Germany, 3 billion drams from Cyprus and 2.1 billion drams from Lebanon. -0-
