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Foreign investment in Armenia grows 22% in Q1

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  • Foreign investment in Armenia grows 22% in Q1

    Foreign investment in Armenia grows 22% in Q1

    Interfax
    03.06.2004
     
    Yerevan. June 2 (Interfax) - Foreign investment in Armenia grew
    21.7% year-on-year to $41.8 million in the first quarter of 2004,
    the National Statistics Service told Interfax.

    Foreign direct investment (FDI) grew 74.5% to $27.9 million, the
    service said.

    Foreign investment in the real sector grew 26.3%. Foreign direct
    investment in the real sector was up 89.7%.

    During the quarter, 36.5% of the FDI went into the food industry,
    27.1% into communications and 11.7% into transport.

    Foreign investments in Armenia grew 5.6% to $229.6 million in 2003. FDI
    grew 8.9% to $153 million.

    From: Emil Lazarian | Ararat NewsPress
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