ARMENIA POSTS 44% INCREASE IN FOREIGN INVESTMENTS IN Q 1
ARMENPRESS
Jun 04 2007
YEREVAN, JUNE 4, ARMENPRESS; Foreign investments in the Armenian
economy in the first quarter of 2007 rose 44.6 percent from a year
ago to $136.6 million. This figure did not include money received by
the government and the Central Bank from external sources.
Armenian National Statistical Service said almost 30 percent of
direct investments or $26.4 million, generated from privatization of
different entities.
This not counting the amount of direct investments from a year ago
rose 16,3 percent and that of indirect investments grew 37.5 percent.
1 The biggest foreign investment in January-March, $67.1 million,
came from Lebanon, followed by Russia with $32.6 million.
Some 65 percent of foreign investments in real sector of economy and
63 percent of direct investments went to the communication sector,
6.6 percent of direct investments went to aviation and 6.5 percent
to food and beverage sectors.