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YEREVAN, DECEMBER 5, ARMENPRESS. During 2017 the Development Foundation of Armenia (DFA) contributed to attracting 15 million USD investments, as well as signing export agreements worth 5.9 billion AMD, DFA Director Armen Avak Avakian told reporters, reports Armenpress.
“This year we have recorded very good results… During the year 23 times more output was provided against any 1 USD spent for boosting export”, he said.
The DFA Director stated that the Foundation has undergone three global changes this year which also changed the structure’s activity nature. “In 2017 three global changes were made in the Development Foundation of Armenia: the DFA mandate changed from general development foundation to a structure directed for business”, he said.
The next change is that the tourism development component has been removed from the Foundation’s functions, and instead of that the list of the DFA services has been supplemented by a project platform and back-up service. “We receive orders for investment projects from the government, package them, distribute and find a funding”, he said, adding that the Foundation has also undergone structural changes.