FOREIGN INVESTMENT IN ARMENIA GROWS 28% IN H1
Interfax News Agency
Russia & CIS Business and Financial Newswire
August 31, 2006 Thursday 7:06 PM MSK
Foreign investment in Armenia grew 27.9% year-on-year in the first
half of 2006 to $178.5 million, the National Statistics Service
told Interfax.
Foreign direct investment (FDI) grew 9.2% to $86.3 million. The
communications sector received 33.1% of the FDI, the mining industry
14.3%, air transport 9.4% and food industry 9.2%.
Lebanon was the biggest investor with $49.6 million (up 110% year-
on-year), including $652,700 of direct investment. Greece was second
with $37.9 million, down 35%, followed by Argentina – $17.2 million
and Germany, which boosted investment 63.1-fold to $12.1 million.
Armenia received $19.2 million from Russia, up 41.9%, including $1.5
million in direct investment, down 2.3%.
Disclaimer: This article was contributed and translated into English by Vanyan Gary. 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.
Direct link to this article: https://www.armenianclub.com/2006/09/01/foreign-investment-in-armenia-grows-28-in-h1/