RUSSIAN INVESTMENTS IN ARMENIA $449.4MLN IN 2007
ARKA
March 31, 2008
YEREVAN, March 31. /ARKA/. Russian investments in Armenia totaled
$449,362,100 in 2007, with direct investments being $293,212,500
– 53.2% of the total investments and 50.4% of direct investments
in Armenia respectively. Russian investments in Armenia increased
2.1-fold in 2007 as compared with 2006, with a 1.9-fold increase in
direct investments recorded.
Russia was the leading investor in Armenia in 2007. A total of
$220.9mln or 49.2% of Russian investments were directed to the
generation and distribution of electric energy, gas, hot water and
steam, $127.7mln or 28.4% to the communication sector, $45mln or 10%
to the metallurgy industry.
Investments were also made in the private services sector ($15.2mln),
recreation and entertainment, cultural and sport spheres ($11.1mln)
and other services ($25.2mln).
In 2006, Russian investments in Armenia totaled $212.3mln, with direct
investments being $153.6mln.
In 2007, foreign in vestments in Armenia’s economy totaled $845.4mln,
with direct investments in the real sector totaling $582.3mln.
By 2008, net foreign investments in Armenia (1988 to 2007) had exceeded
$2.6bln, with over $1.4bln of them being Russian investments (direct
investments totaled $2.1bln and $1bln respectively).
From: Emil Lazarian | Ararat NewsPress
Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
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