President of Armenia Serzh Sargsyan has left for the United States to take part in the “Armenia Investment Forum 2016”.
The aim of the event is to present the investment prospects of Armenia, in other words, to tell foreign investors another fairytale about the nonexistent substance.
At the forum in New York, the Armenian delegation would involve all its inexhaustible resources of lies in order to convince the participants of the event that Armenia is attractive for potential investors. The situation in this sphere in Armenia is indeed critical. The gradual reduction of the volume of direct foreign investments has already become a consistent trend. Thus, in the past year, direct foreign investments in Armenia have declined almost in two and a half times. This is a natural phenomenon: who would like to do business with such a corrupt country where investment risks are extremely high.
There is no need to go too far for examples. We can take as an example the situation around the rubber plant “Nairit”. The bankrupt plant “Nairit” has been suspended since April 2010, and its employees, who have been deprived of their jobs, organize demonstrations almost every day demanding their salary.
Not long ago, leader of the Armenian community in Slovakia, businessman Ashot Grigoryan, heading the holding “EU-ASIA Business Finance Center”, declared that he was ready to revive “Nairit” by investing 20 million dollars in it, in case the Armenian government handed over the plant to his holding.
The change of the Prime Minister in Armenia postponed the decision on this issue; nevertheless, the potential investor had the time for more detailed research of the situation around the enterprise.
Ashot Grigoryan has shared the results of his research with journalists. According to him, the Armenian authorities are not interested in the restart of the plant “Nairit”, because in this case, the robbery of a state scale carried out by them would be revealed.
“The bankruptcy of the plant happened, because the state itself participated in the robbery. It would not be possible without the state`s participation. Former Prime Minister Tigran Sargsyan listed the credits given to his offshore companies; and as soon as we restart the plant, the question will rise: what did you do for 6 years and where is the money? Naturally, it will lead to Tigran Sargsyan, who is now the chief of the Eurasian Economic Commission. I have the confirmation of the ambassador of Cyprus to Slovakia that there is an offshore company opened to the name of Tigran Sargsyan, and all the documents have been signed by him. The case is that if the state does not take part in robbery, even a mere cent would not be stolen,” said the businessman.
According to him, the Armenian authorities are one-of-a-kind: instead of dispelling doubts, they put investors in doubt.” This is what is really going on in Armenia, where the ruling Karabakh clan has secured a grip on everything and thus, turned the country into some kind of a “closed joint-stock company”. Potential investors should think three times before making such an unreasonably risky investment.