Official Statistics Says Total Foreign Investments In Armenia Last Y

OFFICIAL STATISTICS SAYS TOTAL FOREIGN INVESTMENTS IN ARMENIA LAST YEAR GREW BY 18 PERCENT

YEREVAN, March 31. / ARKA /. Total foreign investment in the Armenian
economy in 2013, including those received by the government and the
banking sector, surged by 18.8 % from the previous year to $1.9
billion, according to the latest numbers, released today by the
National Statistical Service (NSS).

It said foreign direct investment (FDI) plunged by 35.3 percent
to $469.23 million from $725.18 million in 2012, while portfolio
investment increased by 356 times to $694.5 million. Other investments
were said to have decreased by 14.3% to $777.33 million

Foreign investments in the real sector of the economy fell by 20.5
percent in 2013 to $597.4 million, while foreign direct investment
in the real sector declined by 52.2 % to $271.2 million.

According to the National Statistical Service’s data, the largest
foreign investor was Argentina with $117.8 million invested in
Armenia’s real economy sector, more than the double of 2012. Of that
amount $2.6 million were foreign direct investment.

Argentina was followed by France and Russia. French investments in
the real sector in 2013 shrank by 57 percent to $99.1 million (all
was FDI).

Aggregate Russian investments last year dropped by almost 30 percent
to $86.2 million, of which approximately $58.6 million were FDI
(down 33.6%).

Cyprus’ investments last year in Armenia surged by almost 12 times
from 2012 to about $76.5 million, including $602.4 million in FDI.

Canadian investment shrank by 50 percent to $53.5 million.

According to the NSS , 21.07 % or $125.8 million of total foreign
investment last year in the real sector were channeled into the mining
sector, 19.04% or $113.7 million into the telecommunications sector
and 18.24 % or $108 9 million into the air transportation sector.

The bulk of FDI in the real sector was channeled into telecom sector
– 41.70 %, 16.96 % of FDI went to real estate and 10.28% to the
production of beverages. ($ 1 – 412.90 drams). -0-

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From: Baghdasarian