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Foreign Investments In 2005 Totaled 500 M

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  • Foreign Investments In 2005 Totaled 500 M

    FOREIGN INVESTMENTS IN 2005 TOTALED 500 M

    Lragir.am
    01 June 06

    In 2005 foreign investments in Armenia totaled 500 million dollars,
    stated Tigran Davtyan, Deputy Minister of Trade and Economic
    Development, on June 1. He says that the total amount of investments
    over the past 3-4 years was 1.5 billion dollars. On the whole,
    investments have totaled 2 billion since 1991. This number does not
    include various grants, including the Lincy Foundation grants, said
    the deputy minister.

    The share of Diasporans is 25-30 percent. At the same time, 60 percent
    of investments are connected with the Diaspora, said Tigran Davtyan,
    pointing out the Copper and Molybdenum Factory, Armenia International
    Airports, Synopsis Armenia, etc.
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