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Zhoghovurd: Foreign investment down 62.1% in Armenia
10:05 - 30.11.13
Armenia's economy is deteriorating gradually, with foreign investments
facing a sharp decline, says the paper.
In January-September 2013, a total of $1155.1 million was invested in
the country, the amount being reportedly 62.1% down compared to the
same period of last year.
It is noteworthy that Armenia's strategic ally, Russia, has cut its
investments by 20.7%, says the paper, adding that the investments from
France have declined dramatically by up to 81.6%. As for the United
States, it has reduced its investments by 37,2%, according to the
paper. The only country which has increased the volumes of its direct
investments is said to be the Virgin Islands, an offshore zone whose
contributions have been reportedly directed to the development sector.
Its investments have grown by 17.4%, says the paper.
`People more or less aware of the Armenian reality know that companies
owned by high-ranking officials are registered in the off-shore zones,
and they attract money with laundering purposes to later make seeming
investments,' comments the paper.
http://www.tert.am/en/news/2013/11/30/joghovurd4/
10:05 - 30.11.13
Armenia's economy is deteriorating gradually, with foreign investments
facing a sharp decline, says the paper.
In January-September 2013, a total of $1155.1 million was invested in
the country, the amount being reportedly 62.1% down compared to the
same period of last year.
It is noteworthy that Armenia's strategic ally, Russia, has cut its
investments by 20.7%, says the paper, adding that the investments from
France have declined dramatically by up to 81.6%. As for the United
States, it has reduced its investments by 37,2%, according to the
paper. The only country which has increased the volumes of its direct
investments is said to be the Virgin Islands, an offshore zone whose
contributions have been reportedly directed to the development sector.
Its investments have grown by 17.4%, says the paper.
`People more or less aware of the Armenian reality know that companies
owned by high-ranking officials are registered in the off-shore zones,
and they attract money with laundering purposes to later make seeming
investments,' comments the paper.
http://www.tert.am/en/news/2013/11/30/joghovurd4/