Armenia: Building Opportunity

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Armenia Building Opportunity
Nerses Yeritsyan, Minister of Economy of the
Republic of Armenia
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Armenia Building Opportunity
Closing Opportunity Gaps Untapped potential as a
vehicle for growth
Building Bridges Armenia as a platform for
international partnerships
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Armenia Building Opportunity

• Shared history
• Linguistic ties
• Cultural linkages
• Trading agreements
• Active diaspora
• Platform for partnerships
• Russia
• CIS countries
• Iran
• European Union
• and beyond

Building Bridges Armenia as a platform for
international partnerships
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Armenia Building Opportunity

• Similar to EU accession countries a decade
  ago
• Highly trained human capital
• Unexploited resources
• A government ready for partnerships in
• Technology
• Education
• Life Sciences
• Tourism
• Energy
• and beyond

Closing Opportunity Gaps Untapped potential as a
vehicle for growth
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Previous Rapid Development
455
Food industry
6,1
265
Metals
10,3
Goods
252
Mining
5,8
Construction materials
21,7
Machinery
11,4
280.0
Communications
25,3
65.3
Health care
25,2
71.0
IT services
15,1
Services
Financial services
70.4
47,8
48.2
Tourism
17,4
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Now Accelerating throughStructural Change
Education, science and technology Services and
E-services Complex engineering E-government and
technoparks
Real estate development Modernization of
industrial processes Infrastructure deployment
Exploitation of raw materials Chemical
processing Extractive industries
Soviet Era
Transition Period
The Next Decade
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Investment Driven Growth
Increase Armenias global competitiveness Improve
business and investment environment Promote the
entry of Multinationals Extend PPP by building
infrastructure Form knowledge economy
infrastructure
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Enabling Environment
Reach top 10 of Doing Business Index Reform
governance

• Simplify tax filing
• Simplify customs
• Simplify licensing
• Increase corporate social responsibility
• Install E-governance in five years

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Entry of Multinationals
Leverage know-how Leverage the global Armenian
diaspora Ensure flexibility in Government
decisions
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Smart, Wired and Knowledge-Driven
Promote knowledge economy Dozens of
universities Active academy of science
Intellectual excellence, chess championships Build
information society Gyumri Technocity
Yerevan Technopark Center for Creative
Technologies Liberalization telecom New
operators, new technologies, new infrastructure
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Policy Transformation
Macroeconomic Stability Spend and Balance
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Vehicles for Investment
Equity and debt financingthrough public-private
investment funds Venture fundscapitalizing high
potential opportunities Project-based investments
leveraging core assets