Announcement

Collapse
No announcement yet.

Foreign investment down 62.1% in Armenia

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Foreign investment down 62.1% in Armenia

    Zhoghovurd: Foreign investment down 62.1% in Armenia

    10:05 - 30.11.13


    Armenia's economy is deteriorating gradually, with foreign investments
    facing a sharp decline, says the paper.

    In January-September 2013, a total of $1155.1 million was invested in
    the country, the amount being reportedly 62.1% down compared to the
    same period of last year.

    It is noteworthy that Armenia's strategic ally, Russia, has cut its
    investments by 20.7%, says the paper, adding that the investments from
    France have declined dramatically by up to 81.6%. As for the United
    States, it has reduced its investments by 37,2%, according to the
    paper. The only country which has increased the volumes of its direct
    investments is said to be the Virgin Islands, an offshore zone whose
    contributions have been reportedly directed to the development sector.
    Its investments have grown by 17.4%, says the paper.

    `People more or less aware of the Armenian reality know that companies
    owned by high-ranking officials are registered in the off-shore zones,
    and they attract money with laundering purposes to later make seeming
    investments,' comments the paper.


    http://www.tert.am/en/news/2013/11/30/joghovurd4/

Working...
X