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Russian Investments in Armenian Economy in 2004 $67.2 mil

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  • Russian Investments in Armenian Economy in 2004 $67.2 mil

    VOLUME OF RUSSIAN INVESTMENTS IN ARMENIAN ECONOMY IN 2004 MADE $67
    MILLION 204.6 THOUSAND

    01.04.2005 04:17

    /PanARMENIAN.Net/ In 2004 Russia invested $67 million 204.6 thousand
    in the Armenian economy, what makes 21.99% of the total volume of the
    investments. According to the data provided by the National
    Statistical Service of Armenia, direct Russian investments in 2004
    made $48 million 690.8 thousand. The funds were mostly invested in
    processing and delivery of electric power, gas and hot water ($31
    million 280.5 thousand) and financial mediation ($19 million 851.1
    thousand). Besides, $3 million 233.6 thousand was invested in computer
    engineering, $3 million 445.3 thousand in wholesale and intermediary
    trade, $3 million 872 thousand in metallurgic industry and other
    fields of economy, Arka news agency reports. The total volume of
    foreign investments in Armenia made $305 million 550.8 thousand, $226
    million 723.4 thousand being direct investments in the real sector of
    economy.
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