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Russian Investments In Armenia Decreased Over Three Times

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  • Russian Investments In Armenia Decreased Over Three Times

    RUSSIAN INVESTMENTS IN ARMENIA DECREASED OVER THREE TIMES

    http://lurer.com/?p=89675&l=en
    2013-04-03 19:12:00

    Foreign investment in Armenian economy in 2012 amounted to 1.59 billion
    dollars, News.am writes with reference to the National Statistical
    Service of Armenia.

    In 2012 investments reduced by eight per cent compared to the same
    period in 2011. Telecommunications was backed by 37.6 per cent of
    foreign investment and 49.82 per cent of direct investments in the
    real economy in 2012.

    France became the largest foreign investor in Armenia with $230
    million worth of investments which is 2.3 times more than in the
    previous year. More than 90 per cent of these investments were made
    in telecommunications, Orange Armenia.

    Investment inflow from Russian companies in 2012 amounted to $123
    million, 3.2 times than in 2011. One-third of Russian investments
    were made in the telecommunications sector. Russian companies also
    expressed interest in the energy sector ($25 million), production
    of non-ferrous metals ($7.2 million), retail trade ($ 25 million)
    and transport (14.5 million dollars).

    Foreign investments in Armenia are also being made from Argentina
    to the sum of 51 million drams (due to the activity of Eduardo
    Eurnekian). Most of the investments made are in agriculture.

    Investments from Germany and Switzerland were made in the mining
    sector, constituting $ 48 million and $43 million respectively.

    Investments from the Seychelles fell to telecommunications worth
    $23 million.

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