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4200 more jobs to be created by state assistance to 70 investment programs

armenpress.am3 hours ago
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4200 more jobs to be created by state assistance to 70 investment programs

In the first half of 2017 the volume of foreign investments inflow in real sector of the economy comprised about 1 billion 24 million USD, the direct investments comprised about 328 million USD which increased by 36.6% and 26.3% respectively compared to the same period of 2016, reports Armenpress.

Minister of economic development and investments of Armenia Suren Karayan presented the statistics on investments at a meeting with reporters urging to assess the amount of investments by the net growth of inflow rather than by the volume of money inflow.

“The net growth is the difference of the investments made in the country and the money coming out of the country, of course, the deductions do not mean an outflow of capital”, he said.

The minister also presented statistics on the state assistance to 70 investment programs which currently are at different stages of implementation. “Based on the implementation of programs nearly 493 million USD ...

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