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Foreign Investment In Armenia Up 65% In H1

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  • Foreign Investment In Armenia Up 65% In H1

    FOREIGN INVESTMENT IN ARMENIA UP 65% IN H1

    Interfax
    Sept 1 2008
    Russia

    Total foreign investment in Armenia increased 65% in the first half
    of 2008 year-on-year to $515.1 million, the National Statistics
    Service said.

    Foreign direct investment (FDI) increased 64.8% to $352.7 million.

    Russia was the leading source of foreign investment in Armenia,
    providing $387 million in the period (including $274 million in FDI),
    followed by Argentina - $28.2 million (all was FDI) and Lebanon -
    $22 million ($1.4 million). The U.S. provided $16.2 million, including
    $10.19 million in FDI.

    The foreign investment provided by Russia increased 220% in the
    period year-on-year (and by the same amount for FDI), Argentina - up
    19.7% (up 85.7%), and the U.S. - up 43.9% (up 25.2%), while foreign
    investment from Lebanon declined 73.9% (down 97.3% for FDI).
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