YEREVAN, JANUARY 11, ARMENPRESS. Tigran Jrbashyan, Development Director of AmeriaBank CJSC, President of Board of Directors of the American Chamber of Commerce in Armenia, during the interview with “Armenpress”, talked about most attractive sectors for investments in Armenia, Armenia’s role in connecting Iranian and EAEU markets with the world and about realizing the mentioned opportunity.

As to the question whether what are the sectors in Armenia which can be attractive for investors, Mr. Jrbashyan answered:  “The role of investments is very important for a small country like Armenia. Assuring the attractiveness of investments is a multifactorial issue but much depends on the availability of appropriate environment of investments. At the same time, it should be noted that investments depend on risk-profitability combination in terms of classical sense. High risk means high profitability and low risk – low profitability. For instance, profitability of investments in the US is currently quite low and consistent with the level of risk in the US economy but there are people who are ready to make a big risk and make investments in Kurdistan which is one of the most risky areas and provides almost 10 times higher profitability.

Therefore, in the case of Armenia, we need first to understand the risks and the level of profitability in line with the risks in our country.  If we look at Armenia in terms of risks then it is located in a quite risky zone. It is a country in transition, has unresolved conflicts, blockades, etc., on the other hand, it has inadequate levels of profitability. Here is an explanation of why there are no investments. If the investments are flowing into Pakistan and African countries today, it is assumed that the expediency of combination of the mentioned two components is significant for the investments.”

Tigran Jrbashyan added that taking into account risk-profitability connection, it can be noted that two types of projects can develop in Armenia today: Economic traditional sectors and energetic. Thus, risks are reduced making the level of profitability more acceptable. Mr. Jrbashyan also highlighted the role of tourism taking into consideration the existence of Diaspora.

Answering to the question whether what is the most significant function and role for the state, Development Director of AmeriaBank CJSC told that selection of sectors which are important for undertaking new innovative projects for ensuring the increase of profitability and reduction of risks in the mentioned areas by several methods must be a priority for the state. He also added that according to his opinion Armenia is able to provide sector of investments of 4-4.5 billion dollars annually in different fields of economy.