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Direct Investments In Armenian Economy Grow 2.1 Fold In January-Sept

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  • Direct Investments In Armenian Economy Grow 2.1 Fold In January-Sept

    DIRECT INVESTMENTS IN ARMENIAN ECONOMY GROW 2.1FOLD IN JANUARY-SEPTEMBER 2007 ON SAME PERIOD OF LAST YEAR

    Noyan Tapan
    Dec 1, 2007

    YEREVAN, DECEMBER 1, NOYAN TAPAN. The total amount of foreign
    investments (without investments received through the state governance
    system and the banking system) in the real sector of the Armenian
    economy made 469 mln 947.1 thousand USD in January-September 2007,
    exceeding by 58% the index of the same period of last year. Out of
    this amount, direct investments made 311 mln 605.7 thousand USD,
    exceeding 2.1fold the index of January-September 2006.

    According to the RA National Statistical Service, funds received by
    organizations - nonresidents of Armenia from the privatization of
    Armenian resident organizations made up 13.1% or 40 mln 703.6 thousand
    USD of direct investments in Janaury-September 2007. The total amount
    of foreign investments in the real sector (without privatization
    resources) increased by 44.3%, the amount of direct investments -
    by 81.8% as compared with January-September 2006.

    38% of foreign investments and 40.9% of direct investments in the real
    sector in January-September 2007 was allocated to the communication
    sector.

    17.6% of direct investments was made in the production and distribution
    of electricity, gas, hoot water and steam, while 8.3% - in mining
    industry and other sectors.
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