Remittances are essential for Armenia, Premier Tigran Sargsyan stated in Brussels while responding to the questions posed by foreign journalists.
He noted that Armenia’s population is three million, whereas six-million Armenians live abroad. And those who send remittances to Armenia are the ones who left the country in the past twenty years, and not the 4-5 million who live abroad as a consequence of the Armenian Genocide.
“This refers to old and new emigrants. Ninety-five percent of the old [emigrants] has never been to Armenia, and this contains a huge potential which could stimulate our country’s economic growth. We have designed a new strategy for using this potential. By the initiative of President Serzh Sargsyan, a Diaspora Ministry is established for the first time; owing to it, we carry out pan-Armenian projects. We have dozens of pan-Armenian organizations which implement programs toward Armenia’s development,” said Sargsyan.
Also, the PM noted that the National Competitiveness Council is established, whose objective is to carry out projects which will reveal Armenia’s competitiveness and make the country competitive, and, also, will encourage investments into Armenia.