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November 18
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YEREVAN. – Investors has adopted a wait-and-see attitude amid political processes in Armenia, the Executive Director of the Business Armenia Foundation Armen Avakian told reporters on Friday.

He highlighted the interest of Armenian Diaspora to invest in the country, particularly in the fields of information technology, tourism, pharmaceuticals and agriculture, which the government has declared to be priority areas for the economy.

He commended the Minister of Transport, Communications and Information Technologies Hakob Arshakyan for becoming a member of the board of trustees.

“This will help in building closer ties for joint work in information technology,” he said.

Touching upon the indicators of imports, Avakian noted that contracts were concluded for imports in the amount of 5.9 billion drams, while last year this figure reached 5.7 billion drams.

According to him, there were investments in the amount of 17 million dollars, while another investments of 28 million dollars are expected.

As a result of structural changes and optimization, Business Armenia Foundation will save 108 million drams next year, which can be used by the government for other purposes, added Avakian.

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