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FOREIGN DIRECT INVESTMENT IN ARMENIA PLUMMETS 60% IN H1
Interfax
Sept 3 2012
Russia
Foreign direct investment (FDI) in Armenia plummeted 59.7% year-on-year
in H1 2012 to $147.5 million, the National Statistics Service said.
Overall foreign investment was down 39.4% to $266.1 million.
Canada was the biggest investor with $82 million, up 5.7-fold
year-on-year. All this investment went into mining.
Russian investment fell 80.5% to $40.3 million, including $38.3
million direct investment, down 80.2%. Of the direct investment,
$23.8 million went into telecommunications and $11.3 million into
energy and gas supply. The rest was invested in housing construction,
real estate, catering, mining, wholesale and research and development.
Investment by Switzerland jumped 4.1-fold to $26.3 million, of which
direct investment 75-fold to $25.3 million. The mining industry
received $25.4 million and retail trade the rest.
Direct investment by France rose 64.8% to $24 million, with $17.1
million in telecoms and the rest in beverage production.
Foreign investment in Armenia rose 6.3% in 2011 to $1.65 billion,
including $813.3 million in FDI, up 15.1%.
Interfax
Sept 3 2012
Russia
Foreign direct investment (FDI) in Armenia plummeted 59.7% year-on-year
in H1 2012 to $147.5 million, the National Statistics Service said.
Overall foreign investment was down 39.4% to $266.1 million.
Canada was the biggest investor with $82 million, up 5.7-fold
year-on-year. All this investment went into mining.
Russian investment fell 80.5% to $40.3 million, including $38.3
million direct investment, down 80.2%. Of the direct investment,
$23.8 million went into telecommunications and $11.3 million into
energy and gas supply. The rest was invested in housing construction,
real estate, catering, mining, wholesale and research and development.
Investment by Switzerland jumped 4.1-fold to $26.3 million, of which
direct investment 75-fold to $25.3 million. The mining industry
received $25.4 million and retail trade the rest.
Direct investment by France rose 64.8% to $24 million, with $17.1
million in telecoms and the rest in beverage production.
Foreign investment in Armenia rose 6.3% in 2011 to $1.65 billion,
including $813.3 million in FDI, up 15.1%.