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FOREIGN INVESTMENT IN ARMENIA FALLS ALMOST A THIRD IN JAN-SEPT
Interfax, Russia
Dec 2 2013
YEREVAN. Dec 2
Foreign investment in Armenia dropped 31.7% year-on-year in
January-September 2013 to $395.6 million, the National Statistics
Service reported.
Foreign direct investment slumped 62.1% to $155.1 million.
Argentina was the biggest overall investor with investment of $89.7
million, a surge of 510%. However, direct investment from Argentina
fell 7% to $10.7 million.
Second in terms of overall investment was Cyprus with $58.7 million,
an increase of 980% and third was Russia with $52.7 million, down
35.7%. Canada invested $42.7 million, down 58.2%, and France $41
million, down 81.6%.
Investment from Argentina mainly went into aviation and agriculture,
from Cyprus it was metal ore mining and wholesale trade and from
Russia it went largely into the ore mining industry and metallurgy,
the gas industry and electricity.
Me of
Interfax, Russia
Dec 2 2013
YEREVAN. Dec 2
Foreign investment in Armenia dropped 31.7% year-on-year in
January-September 2013 to $395.6 million, the National Statistics
Service reported.
Foreign direct investment slumped 62.1% to $155.1 million.
Argentina was the biggest overall investor with investment of $89.7
million, a surge of 510%. However, direct investment from Argentina
fell 7% to $10.7 million.
Second in terms of overall investment was Cyprus with $58.7 million,
an increase of 980% and third was Russia with $52.7 million, down
35.7%. Canada invested $42.7 million, down 58.2%, and France $41
million, down 81.6%.
Investment from Argentina mainly went into aviation and agriculture,
from Cyprus it was metal ore mining and wholesale trade and from
Russia it went largely into the ore mining industry and metallurgy,
the gas industry and electricity.
Me of