Armenia sees year by year decrease in volume of foreign investments in its economy

Photo: Armenia sees year by year decrease in volume of foreign investments in its economy 
 / Armenia

The volume of foreign investments in Armenia's economy decreases year by year, Armenia Today quoted the director of the country's National Union of Industrialists and Employers, Gagik Makaryan as saying on July 30.

The investments are mainly made in certain spheres such as telecommunications, real estate, alcohol, and the mining industry, according to the director.

Makaryan underscored that the decrease in prices in the sphere of real estate increases its attractiveness, while there is a constant interest in the ore mining industry, as the most favorable conditions have been created for investors in this sphere to the detriment of the country's ecology.

Unequal competitive conditions and corruption are the traditional obstacles to the investments, according to the director of the country's National Union of Industrialists and Employers.

Edited by CN

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