Economy Minister Karen Chshmaritian (left), U.S. Deputy Assistant Trade Representative Betsy Hafner (center), and U.S. Ambassador Richard Mills (right) at the first meeting of the U.S.-Armenia Council on Trade and Investment in Yerevan (Source: Photolure)
YEREVAN (ARKA)—U.S. investments in Armenia’s real sector economy since 1991 after independence from the Soviet Union have reached $356 million, Armenian Minister of Economy Karen Chshmaritayn said today at the first meeting of the bilateral U.S.-Armenia Council on Trade and Investments in Yerevan. According to Chshmarityan, $215 million of that amount are direct investments.
“Investors from the U.S. have appreciated Armenia’s capabilities in the development of services, tourism, information technology, and consulting for a long time. Direct U.S. investments into these sectors from January to June 2015 amounted to $1.8 million,â€
