The Armenian Development Agency (ADA) forecast $20 million external investment in Armenia for this year, ADA General Director Robert Harutyunyan told Armenian News-NEWS.am.

Exports are expected to reach $2.5 million against $3.4 million  last year, whereas investment projects are estimated at U.S. $4.4 million.

As to whether ADA acted as mediator for any Turkish investment program, Harutyunyan said that it has never done it. “In some cases we provided information to Turkish businessmen, but no specific agreements were reached,” he said.