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Lebanese investments for $67,014 thousand to Armenia in Jan-April 07

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  • Lebanese investments for $67,014 thousand to Armenia in Jan-April 07

    Arka News Agency, Armenia -
    June 1 2007


    LEBANESE INVESTMENTS FOR $67,014THS TO ARMENIA IN JAN-APR 2007

    YEREVAN. June 1. /ARKA/. In January-March 2007, Lebanese investors
    sent investments for a total of $67,014ths to Armenia. Of them
    $34,725.9ths are direct investments. The National Statistical Service
    reports that it makes 49.04% of the overall foreign investments to
    Armenia in the accounting period. Lebanon ranks first among the
    countries making investments in Armenia.
    Lebanese investors allocated 99.53% ($66,698.2ths) of their funds for
    the communications sector of Armenia. In addition, $315.5ths of
    direct investments were allocated for food industry.
    In January-March 2006, the Lebanese investments totaled $26,867.5ths,
    of them $411.7mln were direct investments.
    In fact, investments from Lebanon increased 2.5 times compared to
    January-March 2006, while direct investments increased 84.3 times.
    The overall amount of foreign investments in Armenia's economy
    totalled $136,634ths in the 1st quarter 2007. Of them, $88,854.3ths
    were direct investments in the real sector. R.O. -0--
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