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Foreign Investments In Armenian Economy's Real Sector Dwindle 39.4%

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  • Foreign Investments In Armenian Economy's Real Sector Dwindle 39.4%

    FOREIGN INVESTMENTS IN ARMENIAN ECONOMY'S REAL SECTOR DWINDLE 39.4%

    ARKA
    Sep 3, 2009

    YEREVAN, September 3. /ARKA/. The flow of foreign investments in the
    real sector of Armenian economy has dwindled 39.4% over the period
    between January and June 2009, compared with the same period of
    the previous year, to $312.2 million (excluding credits received by
    state-governing agencies and the banking sector), National Statistical
    Service of Armenia reports.

    Direct investments shrank 30.1% to $246.4 million or 79% of total
    foreign investments for Jan-June 2009 against 68.5% a year earlier.

    According to the statistical report, the greatest part of the outside
    investments - $144 million or 46.12% of total foreign investments or
    52.39% of direct investments - targeted the communication sector.

    Besides, $37.5 million or 15.21% of direct investments were sent to
    the areas of generating and distributing electric power, gas and hot
    water and $24.6 million or 9.97% to the construction sector.

    Russia, France and the Netherlands were the largest investors in
    Armenian economy in Jan-June 2009.

    Russia invested $100.2 million or 32.1% of total foreign investments,
    France $85.5 million or 27.4% and the Netherlands $39.9 million or
    12.8%.
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