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Indirect Investments Increase by 20% in First Half 2004

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  • Indirect Investments Increase by 20% in First Half 2004

    IN FIRST HALF-YEAR OF 2004 INDIRECT INVESTMENTS INCREASE BY 20% IN
    ARMENIA

    YEREVAN, August 6 (Noyan Tapan). According to preliminary estimations,
    in the first half-year of the current year the indirect investments in
    RA made $90m, which exceeded the last year index by 20%. The volume of
    direct investments made about $60m, which exceeded the last year index
    by 39%. The index on the line of direct investments doesn't include
    the credits received on the systems of state government and banks.

    Karen Chshmaritian, RA Minister of Trade and Economic Development,
    declared at the August 6 press conference that the resources received
    from privatization become less year by year.
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