Foreign investment in Armenia grows 22% in Q1


Yerevan. June 2 (Interfax) - Foreign investment in Armenia grew
21.7% year-on-year to $41.8 million in the first quarter of 2004,
the National Statistics Service told Interfax.

Foreign direct investment (FDI) grew 74.5% to $27.9 million, the
service said.

Foreign investment in the real sector grew 26.3%. Foreign direct
investment in the real sector was up 89.7%.

During the quarter, 36.5% of the FDI went into the food industry,
27.1% into communications and 11.7% into transport.

Foreign investments in Armenia grew 5.6% to $229.6 million in 2003. FDI
grew 8.9% to $153 million.

From: Emil Lazarian | Ararat NewsPress