Armenia tourism has the capacity to grow fivefold, Minister says

Armenia tourism has the capacity to grow fivefold, Minister says
December 30, 2016 - 12:27 AMT

PanARMENIAN.Net - Armenia's tourism has the potential to grow by up to five times, Minister of Economic Development and Investments Suren Karayan said Thursday, December 29.

At a meeting with tourism industry representatives, Karayan said the sector, currently among the Ministry's top priorities, is capable of creating inclusive added value.

Citing research by the UN World Tourism Organization, Karayan said tourism along with infrastructures has the potential to grow by up to five times.

The Minister also discussed issues concerning the VAT, visa facilitation policies, communications, Armenia's recognizability and the overall development of the sector.

It was decided that the Union of Incoming Tour Operators, whose head Ara Petrosyan was participating in the meeting, will submit a package of proposals to the Ministry for further discussions with the state tourism committee.

 Top stories
Armenia dismisses Turkey’s demand to shut down nuclear plant as “inappropriate”Armenia dismisses Turkey’s demand to shut down nuclear plant as “inappropriate”
Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”.
Armenia to loan AMD 2.9 billion to KarabakhArmenia to loan AMD 2.9 billion to Karabakh
Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision.
Azerbaijan opposes Armenia’s plans to build new metallurgical plantAzerbaijan opposes Armenia’s plans to build new metallurgical plant
The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision.
Armenia attracts record amount of foreign direct investments, says MinisterArmenia attracts record amount of foreign direct investments, says Minister
Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.
Partner news
 Articles
4 rules for business success

An ultimate guide

 Most popular in the section
Armenia's international reserves grew by 8.9% in 2022
IDBank to participate in Career City Fest 2023
Armenia-Iran trade grew 45% in January-October – official
Shell already in Armenia: First fuel stations put into operation
Home
All news
Overview: Economy
Archive for December 30, 2016
Other news in this section
 Latest news
Turkey extends military presence in Azerbaijan The Turkish parliament has adopted a bill submitted by Recep Tayyip Erdogan to extend the mandate of Turkish troops.
Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skills
Armenian, Saudi Foreign Minister meet in Riyadh The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi Arabia
Pashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”.
---