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Russia's Investment In Armenia Announced

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  • Russia's Investment In Armenia Announced

    RUSSIA'S INVESTMENT IN ARMENIA ANNOUNCED

    RosBusinessConsulting Database
    April 4, 2006 Tuesday 2:12 am, EST

    Russia invested $67.57m in Armenia in 2005, $51.48m of which was
    direct investment. According to data Armenia's National Statistics
    Service has provided the ARKA news agency, this accounts for 16.88
    percent of Armenia's total foreign investment, and for 2.11 percent
    of its direct investment.

    Some 75.26 percent ($50.85m) of Russia's investment went to the
    metallurgy sector, $10.03m was invested in construction, and $13.22m
    in wholesale and agency trade.

    From: Emil Lazarian | Ararat NewsPress
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