Prime Minister Nikol Pashinyan received Amber Capital Chief Executive Director Joseph Oughourlian and the Company’s Armenia Office Head Karen Arabian. Amber Capital is the founder of the first Private Equity Investment Fund in Armenia. The official launch of the Fund’s operations is expected this fall, in September-October.

The Prime Minister and Amber Capital’s representatives discussed issues related to bilateral cooperation. In particular, they focused on the projects to be financed by the Fund and the most promising vectors of interaction.

The Premier stressed that the Government’s objective is to make the Armenian economy competitive by shifting from extractive to processing industries and stimulating the manufacturing sector, information technologies, tourism, machine building and high-tech industry. Nikol Pashinyan hailed the Fund’s activities in terms of reinstating the culture of corporate governance in Armenia and developing the financial markets.

Joseph Oughourlian noted that Amber Capital is eager to expand its activities in Armenia and is ready for mutually beneficial cooperation.

During the meeting, views were exchanged on issues related to the development of small and medium-sized enterprise, improvement of the business environment, implementation of training programs for SME representatives, development of youth sports, as well as achieving greater transparency in corporate governance.