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Foreign Investment In Armenian Economy Up 12% In H1

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  • Foreign Investment In Armenian Economy Up 12% In H1

    FOREIGN INVESTMENT IN ARMENIAN ECONOMY UP 12% IN H1

    Interfax
    Oct 12 2005

    YEREVAN. Oct 12 (Interfax) - Foreign investment in the Armenian
    economy in the first half of 2005 increased 11.6% year-on-year
    to amount to $139.6 million, a source in the National Statistics
    Committee told Interfax.

    Foreign direct investment amounted to $78.9 million (up 4.5%),
    including foreign direct investment in communications - 45.4%, in the
    food industry - 15.5%, in air transport - 8.9%, in metallurgy - 7.1%
    and in the construction sector - 4.7%.

    The main foreign investor in the Armenian economy in the first half
    was Greece - $58.3 million (up 40.3%). Lebanese investment amounted
    to $23.2 million (up 14.3-fold), and Russian - $13.5 million (down
    44.8%). Total U.S. investment in the Armenian economy in January-June
    fell 38.5% year-on-year to $9.3 million, and investment from France
    fell by 36.2%, to $8.8 million. rd

    From: Emil Lazarian | Ararat NewsPress
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