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A MORE THAN 10 PERCENT DROP IN FOREIGN INVESTMENTS WOULD JEOPARDIZE ARMENIA'S ECONOMY: EXPERT SAYS
YEREVAN, June 6. / ARKA /. A more than 10 percent decline in foreign
investment in the real sector of Armenia's economy would mean depriving
the country of economic growth possibilities, Vartan Bostanjian,
a former MP and a doctor of economic sciences, told ARKA.
"Given this year's government's program of activities this figure
can not exceed 10%, but if it does, we will be unable to secure even
a small economic growth," he said.
He said in view of a 7.2% GDP growth in 2012, the government has a
chance to succeed this year as well.
The total amount of foreign investment in the real sector of the
Armenian economy in 2012, according to the National Statistical
Service, slashed by 7.9 percent from 2011 to $751.8 million. In the
first quarter of 2013 foreign investments amounted to $131 million,
down almost 12 percent from the same period in 2012.-0-
YEREVAN, June 6. / ARKA /. A more than 10 percent decline in foreign
investment in the real sector of Armenia's economy would mean depriving
the country of economic growth possibilities, Vartan Bostanjian,
a former MP and a doctor of economic sciences, told ARKA.
"Given this year's government's program of activities this figure
can not exceed 10%, but if it does, we will be unable to secure even
a small economic growth," he said.
He said in view of a 7.2% GDP growth in 2012, the government has a
chance to succeed this year as well.
The total amount of foreign investment in the real sector of the
Armenian economy in 2012, according to the National Statistical
Service, slashed by 7.9 percent from 2011 to $751.8 million. In the
first quarter of 2013 foreign investments amounted to $131 million,
down almost 12 percent from the same period in 2012.-0-