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Business Doesn't Recognize Nationality

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  • Business Doesn't Recognize Nationality

    BUSINESS DOESN'T RECOGNIZE NATIONALITY

    A1+
    [03:22 pm] 01 June, 2006

    The second Armenia - Diaspora congress will be held on September
    20 which has been held since 2003. Tigran Davtyan, Deputy Minister
    of Trade and Economic Development invited a few journalists to
    participate at today's press release and presented them the objective
    of the congress.

    According to the press secretary of the Ministry they wished to hear
    few questions and didn't want the information to be distorted in the
    torrent of questions.

    During the press conference Tigran Davtyan informed that the start
    of the congress is already announced and the tenders of participation
    are received. Each businessman is to pay 100 EUs for his participation
    but the sum will become 50 EUs by September 1.

    About 300 - 400 businessmen from Armenia and the Diaspora participated
    in the previous congress. There were also representatives of
    international organizations. This year the number of the businessmen
    is supposed to exceed 500. In the newly opened Ministry website one
    can read the Minister's open letter-invitation according to which
    foreign businessmen can also have their participation and contribution
    to the congress as "business doesn't recognize nationality and has
    no frontiers."

    1.5 milliard USD investment was done in Armenia within the recent 4 -
    5 years, only 500 million USD was invested last year. According to
    the Deputy Minister the sum of the past 5 years investment was equal
    to that of the previous 10 years. The investments were comparatively
    more in the recent one and a half year.

    The main investments were done in mining industry, telecommunication
    and in high tech spheres.
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