11:46,
YEREVAN, MAY 30, ARMENPRESS. The volume of foreign direct investments made in Armenia in 2022 stands at nearly one billion dollars, Minister of Economy Vahan Kerobyan said in parliament during budget discussions on May 30.
“In terms of investments, according to interim data, last year we had 1 trillion 845 billion drams of gross accumulation, while the volume of foreign direct investments amounted to one billion dollars for the first time in the history of Armenia, about 5,13% of our GDP,” Kerobyan said.
The government had envisaged a 6% foreign direct investment-GDP ratio, while the investments-GDP indictor was planned to be 25%. Kerobyan said the latter stands at 21,7% according to interim data. The minister said the final data is expected to be much higher when the complete information is available. Recording a 25% investment-GDP ratio would mean that the government’s goal of transforming the consumer economy to an investments-based economy is being implemented.