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More Than 500 Businessmen Expected To Particuipate In 2nd EconomicFo

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  • More Than 500 Businessmen Expected To Particuipate In 2nd EconomicFo

    MORE THAN 500 BUSINESSMEN EXPECTED TO PARTICUIPATE IN 2nd ECONOMIC FORUM ARMENIA-DIASPORA

    Noyan Tapan
    Jun 1 2006

    YEREVAN, JUNE 1, NOYAN TAPAN. More than 500 businessmen will
    participate in the 2nd economic forum Armenia-Diaspora in Yerevan on
    September 20, 2006.

    Within the framework of the forum, a large exhibition Pan-Armenian
    EXPO 2006 "Armenia's Economy During 15 Years of Independence" will
    be held on September 22. RA Deputy Minister of Trade and Economic
    Development Tigran Davtian stated this at a press conference on June
    1. According to him, the plenary sittings of the economic forum
    will be held in the Sport and Culture Center after K. Demirchian. It
    is envisaged to have sittings on information and high technologies,
    industry, small and medium business and tourism. 50-60 businessmen are
    expected to take part in the sitting on issues of information and high
    technologies. T. Davtian said that in order to ensure the participation
    of the maximum possible Diasporan Armenian and foreign businessmen
    in the forum, an open letter-invitation of the RA Minister of Trade
    and Economic Development will be disseminated in Geneva, Brussels
    and Moscow through commercial representatives of Armenia. The open
    letter-invitation is placed on the website www.armeniadiaspora.org,
    through which the registration of the event participants and collection
    of participation payments will be done. It was announced that in case
    of submitting a bid until September 1, the participation payment will
    make a sum in drams equivalent to 50 euros (in 2003, the payment for
    participation in the 1st economic forum Armenia-Diaspora made 100
    euros). Starting September 1, the payment will make 100 euros. The
    speaker noted that in 2001-2005, the Diaporan Armenian businessmen
    carried out more active invetsment activities in Armenia than
    previously, which was due to holding a investment forum on Armenia
    in New York in 2001 and Armenia-Diaspora forums in Yerevan in 2002.

    According to expert opinions presented by T. Davtian, in 1998-2004,
    55-65% of foreign investors operating in Armenia had links with the
    Diaspora, and their investments in the indicated period made up 55-65%
    of the total amount of investments. He reminded that in 1991-2005,
    private foreign investments of 2 bln USD were made in Armenia, 1 bln
    USD of which - in 2001-2005, while in 2005 alone, investments amounted
    to 0.5 bln USD.
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