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TIGRAN SARGSYAN: U.S. TO INVEST IN VOROTAN CASCADE
Saturday,
December
28
Decisions and laws adopted in our country should not endanger the
interests of investors, Prime Minister Tigran Sargsyan said at the
concluding press conference today.
"The government should give investors stable guarantees, especially
in spheres regulated by the government. I want to make it clear that
the matter concerns not only Russian investments, but any foreign
investment. In this connection I would like to say that we recently
signed an agreement with our American partners who expressed their
willingness to implement investment programs in Vorotan Hydropower
Cascade. I consider it an extremely important investment program for
our country. We need to understand that these are vital spheres for
our country, especially the energy sector," the prime minister stated.
In his words, any country intending to implement an investment project
in Armenia wants to get clear guarantees.
As regards the Armenian-Russian gas agreements' provision, under
which "no future laws, decrees, decisions and other legal acts of
the Republic of Armenia shall change and/or cancel and/or otherwise
infringe upon the rights and interests of Gazprom OJSC, ArmRosGazprom
CJSC and their legal successors" and the concern that it may harm
the country's sovereignty, the prime minister said:
"Armenia should create a reliable environment for investments. There
is no danger for our sovereignty here. There is a danger for
sovereignty when the authorities fail to create favorable conditions
for investment".
According to him, the government managed to raise the index of
investment profitability, assuming an obligation to ensure a stable
environment for investments.
27.12.2013, 20:42
Aysor.am
From: Baghdasarian
Saturday,
December
28
Decisions and laws adopted in our country should not endanger the
interests of investors, Prime Minister Tigran Sargsyan said at the
concluding press conference today.
"The government should give investors stable guarantees, especially
in spheres regulated by the government. I want to make it clear that
the matter concerns not only Russian investments, but any foreign
investment. In this connection I would like to say that we recently
signed an agreement with our American partners who expressed their
willingness to implement investment programs in Vorotan Hydropower
Cascade. I consider it an extremely important investment program for
our country. We need to understand that these are vital spheres for
our country, especially the energy sector," the prime minister stated.
In his words, any country intending to implement an investment project
in Armenia wants to get clear guarantees.
As regards the Armenian-Russian gas agreements' provision, under
which "no future laws, decrees, decisions and other legal acts of
the Republic of Armenia shall change and/or cancel and/or otherwise
infringe upon the rights and interests of Gazprom OJSC, ArmRosGazprom
CJSC and their legal successors" and the concern that it may harm
the country's sovereignty, the prime minister said:
"Armenia should create a reliable environment for investments. There
is no danger for our sovereignty here. There is a danger for
sovereignty when the authorities fail to create favorable conditions
for investment".
According to him, the government managed to raise the index of
investment profitability, assuming an obligation to ensure a stable
environment for investments.
27.12.2013, 20:42
Aysor.am
From: Baghdasarian