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Performance plan 2022 of the "Enterprise Armenia" investment support center presented to the Prime Minister

17.03.2023

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Today, Prime Minister Nikol Pashinyan visited the "Enterprise Armenia" investment support center to get acquainted with the performance report 2022.

The meeting was attended by Deputy Prime Ministers Mher Grigoryan and Tigran Khachatryan, Minister of Economy Vahan Kerobyan, Deputy Chief of the Prime Minister's Staff Bagrat Badalyan, Deputy Head of the State Supervision Service Robert Bazikyan, Director General of "Enterprise Armenia" Levon Ohanesyan, the leadership of the structure, and other officials.

The works carried out by "Enterprise Armenia" in 3 main directions in 2022 were presented to the Prime Minister. These directions are accompanying foreign and local investors in the process of making investments on the “single window” system, post-investment service of foreign investors operating in Armenia and promotion of Armenia's investment environment, attraction of new investments.

It was reported that more than 610 businessmen and investors applied to "Enterprise Armenia" in the reporting year, and since its creation, the structure has provided support to more than 1,600 businessmen at various stages. More than 280 investment initiatives have been worked on. The number of current investment projects supported by "Enterprise Armenia" is 40 with an expected volume of 2.4-3.2 billion USD, 26 projects have already been launched with an expected volume of around 350 million USD.

Works planned for 2023 aimed at attracting investments were also presented to the Prime Minister. It was noted that in the current year it is planned to activate the targeted work through direct contacts with foreign investors, participation in reputable international events, promotion of Armenia on digital and other platforms, network of representatives formed abroad and institutional cooperation.

The presentation of the report was followed by an exchange of ideas, in the framework of which issues related to actions and measures to be taken in the direction of continuous improvement of the investment environment were discussed. In response to the Prime Minister's questions, the officials in charge presented details on the investment process support models, current and planned programs, and the development vision of "Enterprise Armenia".

Prime Minister Pashinyan attached importance to the continuous improvement of investment attraction, investor support mechanisms and tools, in accordance with the strategic approaches approved by the Government. Based on the results of the consultation, the Head of the Government gave a number of instructions.

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