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Foreign Investments In Armenian Economy Down

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  • Foreign Investments In Armenian Economy Down

    FOREIGN INVESTMENTS IN ARMENIAN ECONOMY DOWN

    news.am
    Nov 30 2010
    Armenia

    According to the official statistical data published on November 30,
    foreign investments in Armenia's real economy totaled U.S. $472.2
    million this January-September - a 9.5% decrease as compared with the
    corresponding period last year. Direct investments totaled U.S. $348.7
    million - a 9.3% decrease.

    Russia remains major investor in Armenia. Russian companied
    invested a total of U.S. $191 million in the Armenian economy this
    January-September - almost as much as last year. France ranks the
    second - U.S. $116 million. However, French investments registered
    a 20% decrease as compared with last year.

    Dutch investments in the Armenian economy totaled U.S. $63. However,
    most of the alleged investments are fictitious portfolio investments.

    German investments totaled U.S. $421 million (a 2.1-fold increase),
    and British investments U.S. $3.4 million (a 5.7-fold increase).




    From: A. Papazian
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