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Investments In January - July Rise To $245 Million

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  • Investments In January - July Rise To $245 Million

    INVESTMENTS IN JANUARY-JULY RISE TO $245 MILLION

    ARMENPRESS
    Aug 31, 2007

    YEREVAN, AUGUST 31, ARMENPRESS: Investments in Armenia's real sector
    economy in January-July of 2008 rose 37 percent from a year ago to
    almost $245 million, Armenia's statistical service said today.

    It said the figure does not include investments in the state-run
    agencies and banking sectors. The amount of direct investments in
    economy was said to rise 77 percent to $153 million.

    According to the statistical service, 27 percent of all investments
    or almost $41 million were proceeds generated from the sale of
    enterprises.

    Lebanon with $84 million was number 1 investor, followed by Russia
    with $74 million. Investments from Argentina rose to $24 million.

    Almost 48 percent of foreign investments and 57 percent of direct
    investments into the real sector of economy went to communications
    sector, 9 percent of direct investments went to air transport sector
    and 8 percent to construction sector.
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