RUSSIA BECOMES ARMENIA’S BIGGEST INVESTOR
Vestnik Kavkaza
Dec 5 2011
Russia
Russia is the biggest investor in Armenia, according to data for the
first 9 months of 2011, News Armenia reports.
Russian investments in Armenia in 2011 increased by 48.3% and reached
$283.8 million, while direct investments increased by 80.4%, reaching
$267.3 million compared with the same period in 2010.
Russian investment covers 48.4% of total foreign investments and 57.8%
of direct investments.
24.8% of investments ($145.4 million) were spent in metal production,
11.9% ($69.7 million) in the electricity, gas, water and steam sectors,
5.7% ($33.4 million) in communications.
Armenia received some $586.7 million of investments in the first
nine months of 2011, $462.5 million of them were investments in the
real sector.
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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