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  • Business & Economy: Growth Of US And Russian Investments Observed In

    GROWTH OF US AND RUSSIAN INVESTMENTS OBSERVED IN ARMENIA

    news.am
    Sept 2 2011
    Armenia

    YEREVAN. - Foreign investments in Armenia made $422 in first half of
    2011, says National Statistical Service.

    In relation to the same period of previous year, foreign investments
    grew by 28.8%, direct investments by 58.6%. Russia has the largest
    share in the growth of foreign investments. In first half-year of
    2011 Russian investments totaled $ 206 million, increased by 77%
    and make approximately half of all investments.

    The second largest investor in the economy of Armenia is France
    with $ 68 million. The French invest mainly in the sphere of
    telecommunications. U.S. investments reached $ 35 million, which is
    the third indicator (increased 2.8 times). U.S. companies, being
    mostly engaged in information technologies, directed $ 15 million
    to funding of scientific researches, $ 3 million for software and
    computer services.

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