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STIMULATING DOMESTIC INVESTMENTS WILL REDUCE ARMENIA'S DEPENDENCE ON EXTERNAL FACTORS: EXPERTS SAYS
YEREVAN, March 15. / ARKA /. Stimulating domestic investments in
the economy will reduce Armenia's dependence on external factors and
global economic turmoil, Tatul Manaseryan, head of a local think-tank
called Alternative, said to a news conference today.
"I am convinced that it is necessary to eliminate the dependence on
foreign investment, especially from the countries which pursue their
political interests in Armenia. Those countries that pursue long-term
economic interests, prefer Armenia, for example, to Asian countries,"
he said.
Manaseryan said the focus should be on promotion of enhanced
domestic investment, because no one can guarantee continuous foreign
investments.
He said because of heavy dependence on the world economic situation
Armenia last year registered a significant decline in foreign
investments.
According to the National Statistical Service of Armenia, total foreign
investment in the real sector of the economy in January-September
2012, when compared to January-September 2011, decreased by 35.2%
to $391.1 million. -0-
YEREVAN, March 15. / ARKA /. Stimulating domestic investments in
the economy will reduce Armenia's dependence on external factors and
global economic turmoil, Tatul Manaseryan, head of a local think-tank
called Alternative, said to a news conference today.
"I am convinced that it is necessary to eliminate the dependence on
foreign investment, especially from the countries which pursue their
political interests in Armenia. Those countries that pursue long-term
economic interests, prefer Armenia, for example, to Asian countries,"
he said.
Manaseryan said the focus should be on promotion of enhanced
domestic investment, because no one can guarantee continuous foreign
investments.
He said because of heavy dependence on the world economic situation
Armenia last year registered a significant decline in foreign
investments.
According to the National Statistical Service of Armenia, total foreign
investment in the real sector of the economy in January-September
2012, when compared to January-September 2011, decreased by 35.2%
to $391.1 million. -0-