Manuk Hergnyan, an expert from an economic think-tank, called Economy and Values, told the third Armenia-Diaspora Conference in Yerevan yesterday that the share of Armenian Diaspora investments in Armenia's economy between 1994-2004 made only 25 percent or only $260 million in terms of money.
Hergnyan said Armenian authorities managed to attract the bulk of investments, about 40 percent, through infrastructure development programs. He said these investments were made by non-Armenians. . .
But along with this Diaspora Armenians make 70 percent of all direct foreign investors. So, in terms of numbers, Diaspora Armenians exceed all other investors. Hergnyan said an average investment made here by a Diaspora Armenian businessmen is between $150,000-$200,000. This means, the expert said, that Diaspora Armenians do not invest heavily in the ancestors' land.
20 September 2006
Armenpress
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