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Switzerland Second Country On Investments Volumes In Armenia

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  • Switzerland Second Country On Investments Volumes In Armenia

    SWITZERLAND SECOND COUNTRY ON INVESTMENTS VOLUMES IN ARMENIA

    news.am
    June 01, 2012 | 01:29

    YEREVAN. - The flow of investments in Armenia made $148.7 million from
    January to March, which is increase by 13.9 percent, as compared to
    the same period of last year, Armenian National Statistical Service
    reports. According to the report, main investing countries in Armenian
    economy include Russia, Switzerland and France.

    Russia is the greatest investing country with $26.6 million for the
    first quarter of this year. Majority of the investments amounting
    to $22.8 million was in the field of telecommunications (two out of
    three mobile operators in Armenia, including ArmenTel and VivaCell
    operate based on the Russian capital).

    As for Switzerland, the country occupies the second place on
    investments for the first time. The Swiss RARE SA Company has invested
    $20.5 million in constructing a plant of fresh and mineral drinking
    waters in Artavaz village of Armenia's Kotayk Region. The real owner
    of the company is a Saudi sheikh.

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