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TBILISI: Russia Biggest Investor In Armenia

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  • TBILISI: Russia Biggest Investor In Armenia

    RUSSIA BIGGEST INVESTOR IN ARMENIA

    The Messenger
    April 6 2010
    Georgia

    In 2009 the overall volume of Russian investments in Armenia was
    more than USD 500 million. Although this represents a 43% drop in
    investments compared with 2008, Russia is still the biggest investor
    in Armenia's economy.

    Russia's investments are mainly in industry, electricity, gas, hot
    water and hydropower distribution, transportation, communications
    and so on. The total amount of foreign direct investment in Armenia
    in 2009 was almost USD 1 billion.
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