YEREVAN, January 18. /ARKA/. The Armenian government at a session on Thursday approved a project aimed at stimulating the entry of foreign investment funds into the Armenian market.
According to Deputy Minister of Economy Ani Ispiryan, if a foreign investment fund opens a branch in Armenia and acquires a stake worth at least AMD 250 million, the state will invest 30% of the fund’s net assets, but not more than AMD 3 billion.
These funds must be managed by companies with assets over $1 billion and invest in Armenian resident companies or in their authorized capital, operating in Armenia’s priority economic sectors, which are processing industry, energy and tourism. ($1 – AMD 405.25). –0–
