FOREIGN DIRECT INVESTMENT IN ARMENIA SLUMPS 54% IN JAN-SEPT
Interfax
Dec 6 2012
Russia
Foreign investment in Azerbaijan fell 35.2% year-on-year in
January-September 2012 to $391.1 million, the National Statistics
Service reported.
Foreign direct investment slumped 53.8% to $221.3 million.
The drop in foreign investment in Armenia continues due to a plunge in
investments from Russia, France, the United States, Britain, Cyprus,
the Netherlands, Belgium and Denmark.
Canada was the biggest investor in the nine months with investment
surging 340% to $102.2 million. Investment from Canada went mainly
into the mining sector.
Investment from Russia slumped 71.1% to $82.1 million. In the nine
months $25.7 million in direct investment went into telecommunications,
$18.7 million into energy and gas supply and $23.7 million into
retail trade. The rest went into housing construction, ore mining,
wholesale trade and research.
Investment from Switzerland climbed 410% to $38.8 million, including
$37.9 million in direct investment (into the mining industry).
Foreign investment in Armenia grew 6.3% in 2011 to $1.65 billion.
Foreign direct investment went up 15.1% to $813.3 million.
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From: A. Papazian
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