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Investment assistance possibilities discussed in government


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Prime Minister Nikol Pashinyan held a consultation to discuss possibilities of providing assistance for potential investment projects.

“Since the very first day of the new government’s formation, we have been stating that investments, including the foreign ones, are of great importance to us. During this time, my office was in close touch with potential investors who have made several proposals and recommendations, including the use of a “one-stop-shop principle” for investments. The idea consists in establishing a standalone entity to assist and orientate investors. The idea is also that the potential office should have the opportunity and authority to carry out such transactions with public agencies on behalf of investors as may be necessary for starting operations,” Nikol Pashinyan said.

In this context, reference was made to the assistance and services provided to investors by Business Armenia foundation. Taking into consideration the Premier’s proposal, the meeting participants came up with observations, highlighting the need for proactive, unbiased and open work with potential investors and the dissemination of information on the steps taken by the government to improve the investment environment. The speakers stressed the need for continued reforms in tax administration.

The Premier emphasized the need for presenting ready-made investment projects to potential investors and providing post-investment support that will lead to concrete results. Nikol Pashinyan instructed the heads of responsible agencies to continue discussing the above issues with Deputy Prime Minister Tigran Avinyan and submit clear-cut proposals in the nearest future.

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