Unable to plan in advance, Armenian businessmen never initiated long-term projects, restricting themselves with short-term initiatives like jewellery business, according to Troika Dialog Group CEO Gor Nahapetyan.

“Corruption in Armenia prevents local entrepreneurs from believing in viability of long-term ambitious projects,” Nahapetyan said, characterising Tatev Revival Project as the first among ambitious initiatives.

Dwelling on the idea of All Armenian Bank creation, at Troika Dialog Group CEO noted, “The All Armenian Bank is a financial instrument to promote a breakthrough in Armenian business.”