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Armenian Prime Minister Karen Karapetyan announced on Saturday the launch of the “Investors’ club of Armenia” non-public contractual investment fund. As the governmental press service reported, the event was attended by three dozen of Armenian businessman from Russia headed by President of Tashir Group, businessman Samvel Karapetyan.

The source reminds, that on January 25, representatives of Armenian business circles in Russia issued a statement affirming their support to Armenia’s ongoing reforms and bringing their participation to the business projects and initiatives of the RA government.

“Actually, the club will play a vital role not only in terms of attracting healthy investments and business plans in the long-run but also formation of a new corporative culture. I have stated on numerous occasions in meetings with our citizens, number of states that have managed to change the quality in their countries over the past 20-30 years, had no fewer challenges than we face today.  Yet their courage, ambitious programs, pragmatism, rationalism, will, determination and in certain cases  - toughness brought changes to their countries. If that is the case with others, why can’t we do the same,” PM Karapetyan stated during his remarks.

Karapetyan has next listed the benefits the newly-formed structure might bring, serving as a bridge between Armenia and the businessman with their links and capital, filling the gaps of Armenia’s financial market and promoting development among them. 

“Investors’ club of Armenia” is the first non-public contractual investment fund registered by the Central Bank of Armenia which through involvement of domestic and foreign private financial resources aims at development of prioritized economy sectors, such as alternative energy sources, energy and tourism infrastructure, mining industry, food production, light industry, etc.  

The government release adds that “Fora Capital’ LTD will govern the Fund to operate through the capital of new and existing companies, bonds, property acquisition as well as loans. The Fund is open for membership to any physical and legal entity to be confirmed by the governing body of the structure.