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Over 400m Dollars Invested In Armenia's Economy In 2005

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  • Over 400m Dollars Invested In Armenia's Economy In 2005

    OVER 400M DOLLARS INVESTED IN ARMENIA'S ECONOMY IN 2005

    Mediamax news agency
    6 Apr 06

    Yerevan, 6 April: The volume of foreign investment in Armenia's
    economy made up 404.4m dollars in 2005, having increased by 32 per
    cent as against 2004.

    Deputy Trade and Economic Development Minister Tigran Davtyan said
    today that the volume of direct investment in the economy totalled
    244.4m dollars in 2005, Mediamax has reported.

    The deputy minister expressed the hope that the volume of foreign
    investment in Armenia would remain at the same level as in 2005 unless
    it increased in 2006.

    In 2005, 132.1m dollars were invested in communications, 97.5m dollars
    in the mining industry, 53.3m dollars in metallurgy, 26.4m dollars
    in food and beverage production.
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