The joint Russian-Armenian investment fund opened in Yerevan on Saturday in an official ceremony attended by Prime Minister Karen Karapetyan and several dozen Armenian businessmen from the Russian Federation.
The initiative to create the Armenian Investors’ Club was proposed by major Russian-Armenian entrepreneurs back in February, who justified the idea by the need to assist in the reforms process in the country and back the government-proposed joint initiatives and business plans.
“I know each and every member of the club as I maintain friendly relations with most. This club, as a matter of fact, will mark a groundbreaking moment for us not only because it promises healthy and long-lasting investments but also because it is expected to develop a new corporate culture,” he said, highlighting the need of active capacity-building to impart a new quality to the business atmosphere in Armenia.
The Armenian Investors’ Club is the first non-public contractual investment fund in Armenia registered by the Central Bank. Its mission is to address key sectors of economy (energy, including alternative power production, energy and tourism infrastructures, mining, minerals’ re-procession, food and light industries) through attracting internal and external financial means.