RosBusinessConsulting, Russia

Russian investments in Armenia voiced

RBC, 01.04.2005, Yerevan 14:21:58.

Russia invested some $67.204m in Armenia's economy in 2004, which accounted
for 21.99 percent of foreign investments in this country, the ARKA news
agency has reported. According to the Armenian statistics service, direct
Russian investments totaled some $48.69m. Russia invested approximately
$91.832m in Armenia in 2003, including some $68.429 in direct investments.

The total amount of foreign investments in Armenia was some $305.551m
in 2004, including $226.72m in direct investments in the industrial sector
of the economy.