Investments Grow By 27.9%

[Emil Lazarian]

INVESTMENTS GROW BY 27.9%

Noyan Tapan
Sept 11 2006

YEREVAN, SEPTEMBER 11, NOYAN TAPAN. In the period of January-June
2006, the amount of foreign investments (without those receiced
through the state governance and banking systems) in the real sector
of the Armenian economy made 178 mln 506.6 thousand USD, increasing
by 27.9% on the same period of 2005. In the indicated amount, direct
investments made 86 mln 272.7 thousand USD and grew by 9.2%. According
to the RA National Statistical Service, 48.7% of foreign invsetments
made in the real sector during the indicated period (33.1% of direct
investments) were allocated for the communication sector. 14.3% of
direct investments was made in mining industry, and 9.4% - in air
transport. In the indicated period, Greek investments made 37 mln 913
thousand or by 35% less than in January-July 2005. Lebanese investments
made 49 mln 616.9 thousand USD (a 2.1fold growth), Russian investments
- 19 mln 220.9 thosand (41.9%), Argentinian investments - 17 mln
225.1 thousand USD (3.7fold), US investments - 14 mln 866.8 thousand
USD and German investments - 12 mln 111.6 thousand USD (63.1fold).

From: Emil Lazarian | Ararat NewsPress