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Foreign Investments In Armenia'S Economy In 2007 Grew By 73,7%

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  • Foreign Investments In Armenia'S Economy In 2007 Grew By 73,7%

    FOREIGN INVESTMENTS IN ARMENIA'S ECONOMY IN 2007 GREW BY 73,7%

    arminfo
    2008-04-01 12:46:00

    ArmInfo. Foreign investments in Armenia's economy in 2007 grew by 73,
    7% to $1337.0 mln, as compared with 2006, RA National Statistical
    Service reports.

    According to the source data, direct foreign investments (DFI) over the
    reporting period grew by 43,3% to $669.8 mln. The portfolio investments
    made up $0.14 mln and reduced by 1,4%. Other investments (available
    funds and deposits, as well as other liabilities) totaled $667.1 mln
    and grew 2,3 times. Foreign investments in the real sector grew by
    34,6% to $845.4 mln, including DFI grew by 34% to $582.3 mln. Russia
    leads on foreign investments - $449.4 mln and FDI - $293.2 mln,
    which grew 2,1 and 1,9 times, respectively, as compared with the last
    year. Foreign investments from Lebanon made up $134 mln and FDI -
    $82.8 mln, which grew 2,1 and 72,5 times, respectively. Investments
    from Germany totaled $55.3 mln, (completely FDI) and grew by
    15.6%. Investments from the USA made up $33.4 mln and FDI - $25.7 mln
    under growth by 2,4% and 3,8%, respectively. Investments from Argentine
    totaled $26.5 mln and FDI - $18.2 mln under fall by 57,6% and 45,9%,
    respectively. 30,9% of foreign investments and 25,7% of FDI over the
    reporting period were attracted to the area of communication. 38,3%
    of FDI - to the production and distribution of electricity, gas,
    hot water and steam, and 10,7% - to the mining industry.
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