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Haykakan Zhamanak: Extremely Low Level Of Foreign Investments In Arm

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  • Haykakan Zhamanak: Extremely Low Level Of Foreign Investments In Arm

    HAYKAKAN ZHAMANAK: EXTREMELY LOW LEVEL OF FOREIGN INVESTMENTS IN ARMENIA

    10:26 * 10.04.15

    An extremely low level of foreign investments in Armenia was registered
    in Armenia this January-March.

    Official data on foreign investments in Armenia will be summed up
    and published this May. According to the preliminary data, however,
    the situation is disastrous.

    Small investments were made in Armenia's energy sector, mining industry
    and agriculture. Some investments were made in retail trade, apparently
    due to the Carrefour chain.

    Investments total US $10m, whereas they have in recent years been
    US $100-120m.

    Armenia's Statistical Service expected this situation and decided to
    employ new methods of investment registration, which can by no means
    be compared with the previous methods.

    http://www.tert.am/en/news/2015/04/10/hz/1642026

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