CONTRACTION IN FOREIGN INVESTMENTS IN ARMENIA’S ECONOMY IN TUNE WITH GLOBAL TRENDS
YEREVAN, August 1. /ARKA/. Contraction in foreign investments in
the real sector of Armenia’s economy in the first quarter of this
year was in tune with global trends, Gagik Minasyan, an MP from the
Republican Party of Armenia and the head of the National Assembly’s
finance and budgetary committee, told journalists on Thursday.
“As a rule, investments shrink first of all amid uncertainty and
crises,” he said adding that not a single country has its investments
increased this year.
ARKA News Agency has found growth in investments in the 1st Q 2013 at
least in three CIS countries – investments in Uzbekistan grew 13.2%,
in Ukraine 76% and in Belarus 18.2%.
According to the national Statistical Service of Armenia, $131 million
has been invested from the outside in the real sector of Armenian
economy over a period between January and March 2013 not via banks
and without state administration – 11.9% year-on-year contraction.
Direct foreign investments in the real sector of the Armenian economy
amounted to $57.7 million – 35.4% year-on-year decline. —0—-
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From: Emil Lazarian | Ararat NewsPress
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