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Lebanon, Russia, And Argentina Make Biggest Investments Into Armenia

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  • Lebanon, Russia, And Argentina Make Biggest Investments Into Armenia

    LEBANON, RUSSIA, AND ARGENTINA MAKE BIGGEST INVESTMENTS INTO ARMENIAN ECONOMY'S REAL SECTOR IN JANUARY-JUNE, 2007

    Noyan Tapan
    Sep 4, 2007

    YEREVAN, SEPTEMBER 4, NOYAN TAPAN. Lebanon is the leader in the total
    amount of foreign investments made in Armenian economy's real sector in
    the first six months of the current year with 84m USD, which exceeded
    the index of the same period of the previous year by 69.3%.

    According to the data of the RA National Statistical Service, Russia
    has made investments amounting to nearly 74m USD in that period, the
    amount of which exceeded the index of January-June of the previous year
    3.8-fold. The amount of Argentina's investments makes more than 23.5m
    USD in the first six months of the current year, increasing by 36.8%
    against January-June of 2006. The next big investors and Cyprus, nearly
    7.2m USD (increased two-fold), Virginian Islands, more than 6.8m USD
    (no investments have been made by that country in the first six months
    of 2006), France, nearly 10.5m USD (growth 2.3-fold), the U.S., nearly
    11.3m USD (decreased by 24%), Germany, nearly 3.6m USD (decreased by
    70.5%), and Great Britain, nearly 6.4m USD (growth five-fold).

    Lebanon's investments in the first six months of 2007 have been almost
    completely done in the communication sphere. Russia's investments in
    that sphere amounted to nearly 38m USD, in the sphere of financial
    brokerage nearly 8.2m USD, in the metallurgial industry nearly 16.1m
    USD. 23m USD out of the investments made in Armenia by Argentina have
    been made in the sphere of air transport and nearly 1.1m USD in the
    spheres of auxiliary and additional transport activity.

    Cyprus has made investments of nearly 4.8m USD in the sphere of
    wholesale trade and trade through brokers, investments of nearly 2.4m
    USD in the construction sphere. The investments made in Armenia by
    Virginian Islands have been completely made in the spheres of hotel
    and restaurant services.

    10.1m USD out of the financial investments made by France have
    been done in the sphere of production of foodstuffs, including
    drinks. Nearly 4.3m USD out of the investments made by the U.S. have
    been done in the spheres of activity connected with computing devices,
    more than 1.9m USD researches and elaborations, 3.3m USD in rendering
    "other kinds" of services to consumers.

    The investments made by Germany have been done in the sphere of
    Armenian mining industry, and those of Great Britain in the spheres
    of financial brokerage (nearly 4.7m USD), production of equipment for
    television and telecommunication (nearly 0.9m USD), and publishing
    activity, as well as sphere of multiplication of disks containing
    recorded information.
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