The lack of information and awareness about the benefits of savings and investments, both personally and collectively, and the inadequate provision of policy incentives have not spurred savings. Improving personal financial security, freedom and wellness can positively impact Armenia’s future economic outcomes.
Earlier this year, the Armenian Government announced a new subsidy program to help attract top talent to the country. The program will subsidize anywhere from 20%-70% of the salaries of graduates from top 400 universities or people who have 10 years of work experience at leading global companies. The program was developed jointly by the Investment Council of Armenia and the Ministry of Economy. Hovsep Patvakanian, head of the Investment Council, joins us to discuss the impact he hopes this program will have, and what other legislative proposals they are currently working on. Hovsep also shared with us his take on Armenia’s economic growth in 2022.
Despite leading the region in many progressive metrics, the past few years have reinforced how peace isn’t something Armenia can take for granted: it must cultivate optimal conditions for innovation because of external threats, and that will take conscious architecting.
The European Bank for Reconstruction and Development (EBRD) has been working in Armenia for the past three decades focusing on developing the country’s financial sector, supporting development of value-added industrial companies, improving the business environment and more. Head of EBRD’s Yerevan Resident Office, George Akhalkatsi, speaks to EVN Report about the organization’s activities and plans for the future.
Liana Karapetyan, an associate at SmartGateVC and the director of Hero House Angels, joins us this week to discuss angel investing opportunities in Armenian start-ups. The Hero House Angels program allows individual investors from around the world to be connected with the Armenian start-up ecosystem and make investments. We also discussed Armenia’s ecosystem's trajectory as the number of start-ups in the country grows.
Hovsep Patvakanyan, the CEO of Invest in Armenia, joins us today to discuss the investment climate in Armenia, and the recently launched Investin.am platform which allows investors to invest in Armenian companies. We also discussed what aspects of Armenia’s economy are attractive for investment, and what reforms are necessary to continue attracting interest from investors.
After remaining on the sidelines of the 2020 Artsakh War, the EU seems to be back with a renewed and impressive strategy for Armenia. With this new agenda, is the EU trying to counterbalance the influence of other regional players?
After its victory in the 2020 Artsakh War, Azerbaijan started massive restoration projects in the seven conquered regions of the Republic of Artsakh. These projects will undoubtedly impact Armenia.
Azerbaijan increased its military spending by 17% in 2020; this was among the largest annual increases in Eastern Europe and Eurasia. Ani Avetisyan breaks down the numbers of the military expenditures of both Armenia and Azerbaijan.
Armenian banks offer 9% interest on a one-year term deposit. Harout Manougian explains what you need to know before opening an account.
EVN Report’s mission is to empower Armenia, inspire the diaspora and inform the world through sound, credible and fact-based reporting and commentary. Our goal is to increase public trust in the media. EVN Report is the media arm of EVN News Foundation registered in the Republic of Armenia in 2017.
