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Eduardo Eurnekian Is Armenia's Largest Investor

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  • Eduardo Eurnekian Is Armenia's Largest Investor

    EDUARDO EURNEKIAN IS ARMENIA'S LARGEST INVESTOR

    August 31, 2013 | 01:23

    YEREVAN. - The volume of foreign investments in Armenia in the first
    half of 2013 comprised $293.1 million, showing a 34.7-percent decrease
    as compared with the same period last year, National Statistical
    Service said.

    Argentina replaced France as the largest foreign investor in Armenia
    with investments totaling $76 million. French investments fell about
    nine times over the year due to reduced investments of Orange Armenia.

    Meanwhile, Argentinean investments have increased 10 times thanks to
    the projects of Eduardo Eurnekian. Most of Eurnekian's investments
    focused on the development of air transport, less on agriculture
    and construction.

    In 2013, investment from Cyprus increased approximately 30 times. They
    were aimed at the exploitation of deposits of metallic ores.

    Russia is the leader in direct investments with $32 million this year.

    Russian investments are more diversified, although a large
    proportion falls on energy ($ 4.6 million), transport (10 million)
    and telecommunications (15 million).

    News from Armenia - NEWS.am

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