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Armenia Posts 44% Increase In Foreign Investments In Q 1

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  • Armenia Posts 44% Increase In Foreign Investments In Q 1

    ARMENIA POSTS 44% INCREASE IN FOREIGN INVESTMENTS IN Q 1

    ARMENPRESS
    Jun 04 2007

    YEREVAN, JUNE 4, ARMENPRESS; Foreign investments in the Armenian
    economy in the first quarter of 2007 rose 44.6 percent from a year
    ago to $136.6 million. This figure did not include money received by
    the government and the Central Bank from external sources.

    Armenian National Statistical Service said almost 30 percent of
    direct investments or $26.4 million, generated from privatization of
    different entities.

    This not counting the amount of direct investments from a year ago
    rose 16,3 percent and that of indirect investments grew 37.5 percent.

    1 The biggest foreign investment in January-March, $67.1 million,
    came from Lebanon, followed by Russia with $32.6 million.

    Some 65 percent of foreign investments in real sector of economy and
    63 percent of direct investments went to the communication sector,
    6.6 percent of direct investments went to aviation and 6.5 percent
    to food and beverage sectors.
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