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In the first half of this year, local investments in Armenia amounted to about $120 million, and foreign direct investments—$37 million. Gagik Makaryan, Chairman of the Republican Union of Employers of Armenia, told about this to Armenian

"That is, local investors have increased. Today, there are many investment projects which are in progress, especially by Armenians in Russia.

The [respective] attitude of the [Armenian] government is very important here. The government must either not interfere—with its operations—or create new opportunities. Now we see that the government is still passive, in a transitional mood, staff is changing, some ministries are in a semi-collapsed condition," Makaryan added.

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