Foreign Investments In Real Sector Of Armenian Economy Grow By 44.9%

[Kharatian Ani]

FOREIGN INVESTMENTS IN REAL SECTOR OF ARMENIAN ECONOMY GROW BY 44.9% IN FIRST QUARTER OF 2007 ON SAME PERIOD OF 2006

Noyan Tapan
Jun 06 2007

YEREVAN, JUNE 6, NOYAN TAPAN. In January-March 2007, foreign
investments in the real sector of Armenia's economy (without those
received through the state governance and banking systems) made 136
mln 634 thousand USD, growing by 44.9% on the same period of last
year, including direct investments of 88 mln 854.3 thousand USD
(95.6% growth).

According to the RA National Statistical Service, in January-March
2007, resources from privatization of organizations made up 29.7% of
direct investments or 26 mln 408.6 thousand USD. The amount of foreign
investments made in the real sector (without privatization resources)
increased by 16.9%, the amount of direct investments - by 37.5%.

In January-March 2007, 64.7% of foreign investments and 63.2%
of direct investments in the real sector was allocated to the
communication sector.

6.6% of direct investments was made in air transport, 6.5% - in food
industry, including production of drinks.