ArmInfo. Armenian President Armen Sarkissian, who is on a working visit to the UK, attended the First Investment Summit of the Eastern Partnership Member Countries, organized by the European Bank for Reconstruction and Development (EBRD). According to the press service of the President of Armenia, before taking part in the summit, Sarkissian left an entry in the book of Honored Guests of the Bank.
The summit was greeted by EBRD President Suma Chakrabarti, who noted that the Eastern Partnership, which celebrates its 10th anniversary this year, unites the European Union and six countries in the East and Caucasus. At the same time, he noted that the 6 participating countries of the initiative are very different from each other in terms of population, economy and political structure, in geopolitical and commercial terms. At the same time, adding that in terms of trade, the EU is a key partner for all of them. "The EBRD has always noted that we are long-term friends. The Eastern Partnership region is rich and promising for investors. After decades of successful cooperation, it is time to look ahead. We at the EBRD believe that the main directions of policy should be good governance and the rule of law," said EBRD President.
In turn, Johannes Hahn, Commissioner for European Neighbourhood Policy and Enlargement Negotiations, recalled that the EU has assisted EaP countries in building a sustainable economy, focusing on three areas. "Firstly, we are moving towards a more dynamic economy, improving the business environment. Secondly, we have improved the ability of partner countries to take advantage of the EU and cooperation with each other. We also supported the partner countries in achieving macroeconomic stability. I urge everyone - both the business community and others - to continue investing in this region. There is great potential, "Hahn said.
The President of Armenia together with the Prime Minister of Azerbaijan Ali Asadov, the Prime Minister of Belarus Syarhey Rumas, the Prime Minister of Moldova Ion Chicu, the Ukrainian Prime Minister Oleksiy Honcharuk , the Deputy Prime Minister of Georgia, the Minister of Regional Development and Infrastructure Maya Tskitishvili took part in the plenary discussions "Stimulating growth: opportunities for investors. " Participants in the discussions presented the investment opportunities of their countries, efforts to improve the investment environment, as well as problems.
When asked why foreign investors should come to a country with such a small market as Armenia, Sarkissian assured that there are hundreds of reasons why one should invest in Armenia. At the same time, he cited several reasons why investors should come to the Armenian market. He assured that when investors look at Armenia, they should not do this in the context of a small country with a population of 3 million, but in the context of a world nation with influential communities around the world and close ties with their homeland. "Secondly, the Armenian market is small, but we have signed a Comprehensive and Enhanced Partnership Agreement with the European Union and look forward to its final ratification in order to become even closer to the EU in economic, trade and other aspects. But we must not forget that Armenia is part of the Eurasian Economic Union, which implies an additional market of 170 million. Armenia can become a gateway for anyone who wants to invest in the region. Not to mention the fact that more and more countries are signing free trade zone agreements with the EAEU and the former Soviet countries, "continued the President of Armenia.
He also assured that the money can be entrusted to Armenia, since even the most unpredictable revolutionary processes in the country go very smoothly, as evidenced by the velvet revolution of 2018. "You can entrust your money to Armenia as a state and as a financial center. The banking sector of Armenia is one of the few that is represented by international banks (European, regional, Russian, etc.). And our banking system is very stable. Armenia is a small country, but rich in natural resources- copper, gold, agricultural potential. Armenia is also rich in water. Nature produces about 8 billion cubic meters of water, while Armenia uses only 1 cubic meter. We can share our resources with our neighbors. This is a small but rich country in which there is no oil or gas, but there are other wealth. Armenia is rich in human resources, "Sarkissian emphasized.
And finally, the Armenian President continued, Armenia is oriented towards the future, therefore, along with our industries based on natural resources, we focus on new technologies, artificial intelligence, mathematical modeling, and big information management. "Even the president of the country has his own presidential initiative, since the president is also a specialist in mathematical modeling. Therefore, I invite you to Armenia. By investing in Armenia, each investor will find a partner. We all should agree that we have a lot in common, not only historically, culturally, but also in terms of economic attractiveness. I think we can all be much more attractive together than separately. I would like to see joint projects with Georgia that will be supported by the EU and the EBRD, "Sarkissian stressed.
At the same time, he added that Armenia is dissatisfied with the fact that the country's economic growth amounted to 7%, since the authorities are ambitious and want more. He pointed out that the authorities are actively fighting corruption and striving to achieve i a society that is protected from corruption.
In conclusion, the Armenian President noted that the Republic of Armenia is a member of the EAEU and has very close relations with the EU, Russia, the Middle East and Central Asia. "This is a unique country with close ties with Europe and Eurasia, north and south. I invite, if not at the next EBRD meeting, then next year to organize a similar meeting in Armenia to discuss possible EU-EAEU cooperation," Sarkissian said, inviting conference participants and colleagues to participate in a number of conferences to be held in Armenia next year. "One of these will be the famous Summit of Minds, which will be dedicated to artificial intelligence, economic management and geopolitics."- the President of Armenia said, having also invited everyone to the next big Doing Business conference in China next year and to the 6th STARMUS festival to be held in Armenia in September-October 2020.