New York conference to present Armenia to international large investors

New York conference to present Armenia to international large investors –

ARMENPRESS – In an interview with “Armenpress”, Executive Director of Armenia Development Fund Karen Mkrtichyan informed that after 15 years of silence, Armenia’s large investment conference will be held in New York on October 10-11 which aims to bring the world investors’ attention on the country of the South Caucasus.

At this moment, clarifications are being made with the Ministries on the details of the big projects to be presented in the forum which relate to the information technologies, agriculture, mining, transportation, energy, pharmaceutical and tourism fields. The projects will cost more than 10 million dollars.

“The New York forum is very important since people must be aware about Armenia in a world investment environment. This event has not been organized for 15 years, people do not have sufficient information on Armenia in order to visit there and make investments. Perhaps the Diaspora Armenians are aware about Armenia and have a wish to visit here, however, foreigners must be informed on Armenia. Moreover, the state must possess a clear stance in terms of the protection of investors, information must be provided on the tax, customs environment. Investors must be informed what it means to run a business in Armenia which is a member of the Eurasian Economic Union and what are the benefits. There are news with Iran, and we must talk about this”, Mkrtichyan said.

He said the expansion opportunities of the international organizations operating in Armenia will also be discussed during the conference. “It is even more crucial, since it means that the foreign company in Armenia is able to develop”, he stated. He added that the conference results require long-term efforts and consistency to use the potential.