Announcement

Collapse
No announcement yet.

Foreign Investment In Armenia Grows 28% In H1

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

  • Foreign Investment In Armenia Grows 28% In H1

    FOREIGN INVESTMENT IN ARMENIA GROWS 28% IN H1

    Interfax News Agency
    Russia & CIS Business and Financial Newswire
    August 31, 2006 Thursday 7:06 PM MSK

    Foreign investment in Armenia grew 27.9% year-on-year in the first
    half of 2006 to $178.5 million, the National Statistics Service
    told Interfax.

    Foreign direct investment (FDI) grew 9.2% to $86.3 million. The
    communications sector received 33.1% of the FDI, the mining industry
    14.3%, air transport 9.4% and food industry 9.2%.

    Lebanon was the biggest investor with $49.6 million (up 110% year-
    on-year), including $652,700 of direct investment. Greece was second
    with $37.9 million, down 35%, followed by Argentina - $17.2 million
    and Germany, which boosted investment 63.1-fold to $12.1 million.

    Armenia received $19.2 million from Russia, up 41.9%, including $1.5
    million in direct investment, down 2.3%.
Working...
X