Amendments to Regulation on Public-Non-public Partnership new alternative for investments – ANIF
11:53, 27 July, 2021
YEREVAN, JULY 27, ARMENPRESS. The Armenian Nationwide Pursuits Fund (ANIF) offered particulars on the amendments made to the Regulation on Public-Non-public Partnership.
The President of Armenia signed on July 13 the legislative package deal on making adjustments and amendments to the Regulation on Public-Non-public Partnership and adjoining legal guidelines.
The ANIF mentioned in an announcement that it has actively participated within the works on drafting the package deal, being positive that the change would considerably increase the alternatives of attracting investments.
Because of these adjustments the traders (non-public corporations) can provide you with a proposal to implement PPP packages in areas set by the federal government.
Based on ANIF CEO Davit Papazyan, this can be a key step for enhancing investments in Armenia.
“The general public-private partnership is an efficient format in creating and developed international locations. Attraction of investments particularly in creating international locations requires extra effort. The joint packages inside PPP are additionally an efficient device for strengthening the investor’s belief in direction of the state and attracting non-public investments in enterprises or areas that are beneath the management of the state. The modification to the legislation permits to set respectively strict, however reasonable and concrete requirements for each attracting such investments and for the investor”, he mentioned.
Modifying and Translating by Aneta Harutyunyan