ArmInfo. "At the next meeting of the government, we will decide on the introduction of an unprecedented mechanism to stimulate investment and instruments for the implementation of the state's economic policy," RA Prime Minister Nikol Pashinyan said.
He emphasized that an appropriate political decision had been made on this program, developed by the government. "I don't want to disclose details, but at this stage we will offer our economy, economic entities a certain management model worth up to 50 billion drams, and set clear criteria for this program to be as effective as possible," the prime minister said.
At the same time, Pashinyan did not rule out the further introduction of several more similar mechanisms, discussions on which are already being conducted in the government.
To note, according to the RA Statistical Committee, the volume of total foreign investments in the real sector of the Armenian economy grew by 17.7% in 2019, amounting to $ 2.97 billion, while a year earlier the growth was more modest - 7.9%. However, the share of FDI fell by 2.5%, amounting to $ 592 million, against a more significant decline of 11.2% in 2018. According to statistics, the share of FDI in total foreign investment continues to decline: from 35.2% in 2016 to 20% in 2019.
