We need to be more delicate when it comes to investments, and the indicators publicized by the National Statistical Committee—and which relate to gross accumulation—need to be made a subject for discussion.

Artsvik Minasyan, the Minister of Economic Development and Investments of Armenia, noted the aforesaid at Monday’s press conference to sum up the results of the first 100 days of his tenure in this capacity.

“This is an indicator which is closer to the concept called ‘investment,’ than any other indicator,” the minister added, in particular.

In his words, however, the net inflows of foreign investment in Armenia’s real sector have made up minus $53.1 million, in the first half of the current year.

“The volume of overall direct foreign investments [in Armenia] is $81.3 million,” Minasyan added.

The minister stated that ever since May 15, a large number of people and companies have petitioned to his ministry and expressed willingness to invest in Armenia.

“If we compile all those figures, they surpass one billion [US] dollars,” Artsvik Minasyan added. “But we are trying to also assess how much the investments—the realistic [ones]—will make up in a foreseeable period; at least $240 million of them is realistic. We are now working with those organizations so that they will be able to try to turn them into investments.”