FDI in particular has been seen on every
They teem through
Sound familiar? – Of course not; it is all a hoax.
The truth is that there is virtually NO Foreign Direct Investment in
The value of the Dram has been driven upward through recent years to increase profits for those who are involved in this FDI scam, and they are the same people who monopolise imports of the most saleable and profitable goods and materials. The fact that exports suffer as a result is of little concern; the prime objective is to take advantage of the domestic market, which is totally under the control of the authorities.
The only real Foreign Direct Investments in
Diamond exports, which have been the backbone of Armenian exports, have been forced into decline through recent years, and now that the price of gold has increased to recent highs of more than $600 per ounce, from the $180 per ounce it was when the Ararat factory was built in 1997, the Armenian Authorities have decided to drive one of their most prominent Foreign Investors out of the Republic and to impose Armenian ownership.
The FDI bubble is about to burst, nearly all state assets have been “Privatized by Foreign Investors”. There is nothing left, and there is no sign of the foreigners rushing to become a part of the Armenian Economic Boom.
But this should not be cause for concern; the Armenian authorities have yet another ploy in the pipeline to maintain the impetus, and the signs are that the World Bank and the IMF are ready to stay on board, even though they have long known that