FOREIGN INVESTMENT IN ARMENIA RISES 12% IN Q1
Interfax
June 1 2009
Russia
Foreign investment in Armenia rose 12.3% in the first quarter of
2009 year-on-year to $186.3 million, the National Statistics Service
told Interfax.
Foreign direct investment (FDI) rose 51.8% in the quarter to $139.3
million.
The telecommunications sector received 60.2% of all foreign investment
($112.1 million), including 77.5% of the FDI ($107.9 million).
France was the biggest investor with $84.2 million (all of it FDI),
followed by the Netherlands with $38.8 million (including $817,500
in FDI), Russia – $33.1 million ($27.9 million), Argentina – $11.7
million ($10.8 million), and the U.S. – $9.4 million ($7.6 million).
Russian investment was down 67.1% in the quarter year-on-year (FDI
was down 49%), Argentine – down 23.9% (down 30%) and U.S. – down 7.8%
(down 24.9%), while French investment rose 1,600% and Dutch investment
was up 5,330%.
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