Yerevan/Mediamax/. Rumors about the outflow of the Armenia capital to Georgia are extremely exaggerated, Armenian Economy Minister Tigran Davtyan said.

Commenting particularly on the reports about the intention of the head of “Grand Holding” Hrant Vardanyan to transfer part of his assets to Georgia, Tigran Davtyan assured that the businessman has no problems with the Armenian authorities, and he hasn’t heard about such intentions, Mediamax reports.

“The volume of foreign investments of Armenian companies has always been moderate. The fact that some big Armenian businessmen make investments abroad, particularly in neighboring countries, is only evidence of expansion of their businesses. I can definitely say that the tendency of outflow of the Armenian capital to Georgia is not observed,” Tigran Davtyan said.