HNWIS INVESTMENTS: TRENDS AND THE CAPACITY TO ATTRACT (VISEGRAD REGION CASE STUDY)

  • Ani Galstyan Russian-Armenian University, Yerevan

Abstract

Availability of “high net worth individuals” (HNWIs) in a country indicates the level of its wealth. The Visegrad countries represent a substantial part of the EU – one tenth of the community’s economy.  The current paper focuses on the exploration of the current trends in HNWIs market development, their role in the country’s development, identifying the economic capacity of the Visegrad countries to attract HNWI funds. The currently relevant problem for this region is the continuation of its growth while mitigating high foreign capital dependency. The research results show that the Visegrad Group needs initiatives that stimulate its startup deal flow in more advanced startup scenes, attracting local private capital and more business skills. The paper contributes to literature on HNWI investments by identifying vulnerable features of economic development of the Visegrad countries which is responsible for the low HNWI attraction in relation to the current economic issues of the region.

Author Biography

Ani Galstyan, Russian-Armenian University, Yerevan

Lecturer at the Department of Economics and Finance, Russian-Armenian (Slavonic) University, Yerevan, Armenia

Research interests: migration, exchange rate regulation, economic growth.

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Published
2021-01-29
How to Cite
Galstyan, A. (2021). HNWIS INVESTMENTS: TRENDS AND THE CAPACITY TO ATTRACT (VISEGRAD REGION CASE STUDY). The EUrASEANs: Journal on Global Socio-Economic Dynamics, (1(26), 07-18. https://doi.org/10.35678/2539-5645.1(26).2021.07-18