It is still too early to announce new large investments by the USA in Armenia. ambassador

It is too early to announce major new US investments. US Ambassador to RA Richard Mills announced this in a briefing with journalists.

According to him, corruption and ensuring equal conditions for all economic operators was an obstacle in the way of investments and the USA welcomes the work of the Armenian government against corruption and ensuring equal conditions.

“But it is still too early to announce new large investments or start them in Armenia,” he emphasized.

Mills said they are getting a lot of inquiries from the US business community about opportunities in Armenia. According to him, potential investors are particularly interested in the extent to which the RA government pursues the fight against corruption, and the extent to which investigations of scandalous cases are conducted within the framework of the law.

In addition, the ambassador noted that the United States government is considering what means it can support Armenia. He clarified that this may include an increase in the amount of funding, which is allocated to Armenia in the form of assistance by the International Development Agency and other US government agencies.

By the way, the ambassador also referred to the situation around “Lydian Armenia”. He noted that investors are paying close attention to the process of the case.

“The actions of the government inspire me with confidence and I am confident about future investments,” the ambassador added.