"Promises to invest 700 million US Dollars and even more

Responding to the appeal of the President of the republic, around a dozen of Diaspora Armenian businessmen (whose number increases gradually) have expressed willingness to invest a sum of more than 700 million Dollars in the economy of Armenia.

And if these promises, at least half of them, become a reality, this will be quite a serious sum for the small economy of Armenia. It may greatly contribute both to the extension of the economic activeness and the opening of new workplaces.

In this regard, let's recall what developments occurred in the country due to the investments of the “Linsi” foundation (200 million Dollars). Whereas the conversation at this moment goes around a sum which exceeds those investments by 3-4 times. From the economic viewpoint, it doesn’t actually matter that those sums, like the investments of the “Linsi Foundation”, are not gratuitous allocations.

From the angle of the effectiveness of business programs, it is very important that they are going to be direct investments rather than loans....."

To read more, visit http://www.armtown.com/news/en/has/20080729/276588633/