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ADA To Involve Diasporan Businessmen In Armenia's Economic Developme

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  • ADA To Involve Diasporan Businessmen In Armenia's Economic Developme

    ADA TO INVOLVE DIASPORAN BUSINESSMEN IN ARMENIA'S ECONOMIC DEVELOPMENT

    ARKA News Agency, Armenia
    March 13 2006

    YEREVAN, March 13. /ARKA/. The Armenian Development Agency (ADA)
    intends to involve diasporan businessmen in Armenia's economic
    development, ADA Director General Vahan Movsisyan told a press
    conference.

    According to him, Armenia has a great potential abroad - about 6mln
    people or 1.5mln Armenian families - which can ensure the local
    economy's rapid development.

    "However, we are not using this potential to the full measure,"
    Movsisyan said. According to him, surveys conducted by ADA revealed
    about 300-400 diasporan businessmen that had no relations with
    Armenia. "We must not expect investors to wish to come to our market.

    We ourselves must encourage them, arouse their interest in investing
    capital in Armenia's economy," Movsisyan said.

    According to him, an ADA-held propaganda campaign resulted in the
    formation of a trading network that united interested Armenian
    businessmen. Movsisyan pointed out that ADA's policy caused Canada
    and Iran-based Armenian businessmen to come to Armenia.

    Argentina-based Armenian businessmen are also expected to launch
    activities here, and contacts are being established with US-based
    Armenian businessmen as well.

    "We plan to organize a business forum for businessmen in Yerevan in
    June," Movsisyan said.

    He said that ADA attracts not only individual businessmen, but also
    large companies, such as Microsoft, Ericsson, Sonix.
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