Foreign Investments In Armenian Economy’s Real Sector Dwindle 39.4%

FOREIGN INVESTMENTS IN ARMENIAN ECONOMY’S REAL SECTOR DWINDLE 39.4%

ARKA
Sep 3, 2009

YEREVAN, September 3. /ARKA/. The flow of foreign investments in the
real sector of Armenian economy has dwindled 39.4% over the period
between January and June 2009, compared with the same period of
the previous year, to $312.2 million (excluding credits received by
state-governing agencies and the banking sector), National Statistical
Service of Armenia reports.

Direct investments shrank 30.1% to $246.4 million or 79% of total
foreign investments for Jan-June 2009 against 68.5% a year earlier.

According to the statistical report, the greatest part of the outside
investments – $144 million or 46.12% of total foreign investments or
52.39% of direct investments – targeted the communication sector.

Besides, $37.5 million or 15.21% of direct investments were sent to
the areas of generating and distributing electric power, gas and hot
water and $24.6 million or 9.97% to the construction sector.

Russia, France and the Netherlands were the largest investors in
Armenian economy in Jan-June 2009.

Russia invested $100.2 million or 32.1% of total foreign investments,
France $85.5 million or 27.4% and the Netherlands $39.9 million or
12.8%.