1028) Diaspora Armenians Invest Less Than Expected

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


Post a Comment

Would You Please Update/Correct Any Of The
3500+ Posts by Leaving Your Comments Here
- - - Your Opinion Matters To Us - - -

We Promise To Publish Them Even If We May Not Share The Same View

Mind You,
You Wouldn't Be Allowed Such Freedom In Most Of The Other Sites At All.

You understand that the site content express the author's views, not necessarily those of the site. You also agree that you will not post any material which is false, hateful, threatening, invasive of a person’s privacy, or in violation of any law.

Please read the post then write a comment in English by referring to the specific points in the post and do preview your comment for proper grammar /spelling.

You need a Google Account (such as Gmail) to publish your comments.

Publishing Your Comments Here:
Please type your comment in plain text only (NO Formatting) in an editor like notepad first,
Then copy and paste the final/corrected version into the comment box here as Google/Blogger may not allow re-editing/correcting once entered in some cases.
And click publish.
-If you need to correct the one you have already sent, please enter "New Comment" as we keep the latest version and delete the older version as default

Alternative way to send your formatted comments/articles:

All the best