Yerevan/Mediamax/. Growth of foreign investments in Armenia will lead to serious political, economic and social reformations, CEO of Cyprus “Management Mix” Consulting Company Raffi Semerjyan stated.

Mediamax reports that, speaking at “Direct Foreign Investments in Armenia” Forum in Yerevan today, Raffi Semerjyan stated that in political terms, foreign investments will lead to consolidation of interstate relations and geopolitical role of Armenia. “Concerning the private sector, this will give companies an easier entry to external markets, which will also increase availability of capital in Armenia”, Raffi Semerjyan stated, noting that as of today banking assets in Armenia do not exceed USD 2bln, “this is a very modest index”.

According to the expert, arrival of transnational corporations in Armenia will help local companies integrate into the global value chain, and this, as a result, will lead to significant growth of Armenia’s GDP and will be followed by solution of existing social problems.

As recommendations for the Armenian government, Raffi Semerjyan noted the necessity to improve the investment climate, provide financial and tax-budgetary privileges to particular sectors, which secure export-oriented production with high value added, “brand” Armenia to make it more recognizable in the world, as an attractive economy, as well as carry out pro-active policy of Armenian authorities in attracting large-scale foreign investors.