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SOME $76 MILLION ARGENTINEAN INVESTMENTS INJECTED INTO ARMENIA'S ECONOMY THIS YEAR; DEPUTY ECONOMY MINISTER
YEREVAN, October 17. / ARKA /. Some $76 million of Argentinean
investments have been injected into Armenia's economy this year,
according to a deputy Armenian economy minister Gagregin Melkonyan,
who spoke at the opening of the first Armenian-Argentinean business
forum in Yerevan.
The investments have been channeled primarily into transport, banking
and agricultural sectors. The major investor is an Argentinean-Armenian
businessman Eduardo Eurnekyan.
Eduardo Eurnekian is the owner of Corporation America company that
runs Armenia's international airport Zvartnots. He is also the
largest shareholder in Conversebank and also finances a string of
major agricultural projects.
The first three-day Armenian- Argentinean business forum has kicked off
today in Yerevan and will run through October 19. Argentinean business
people representing pharmaceuticals, textile and meat businesses have
arrived in Armenia to take part in it. The event was initiated by the
Armenian Development Agency (ADA) in cooperation with the embassy of
Argentina in Armenia.
According to the National Statistical Service of Armenia, Argentina
was the largest foreign investor in the Armenian real economy sector
in the first half of this year ($76 million), more than a ten times
increase from the year before. Moreover, FDI from Argentina increased
by 67.2 % to $8.2 million
The bulk of investments ($ 72.3 million) went to air transport,
$565,000 to construction and $3.3 million to crop production and
cattle breeding. -0-
- See more at:
http://arka.am/en/news/economy/some_76_million_argentinean_investments_injected_i nto_armenia_s_economy_this_year_deputy_economy_min/#sthash.WbaFwdC8.dpuf
YEREVAN, October 17. / ARKA /. Some $76 million of Argentinean
investments have been injected into Armenia's economy this year,
according to a deputy Armenian economy minister Gagregin Melkonyan,
who spoke at the opening of the first Armenian-Argentinean business
forum in Yerevan.
The investments have been channeled primarily into transport, banking
and agricultural sectors. The major investor is an Argentinean-Armenian
businessman Eduardo Eurnekyan.
Eduardo Eurnekian is the owner of Corporation America company that
runs Armenia's international airport Zvartnots. He is also the
largest shareholder in Conversebank and also finances a string of
major agricultural projects.
The first three-day Armenian- Argentinean business forum has kicked off
today in Yerevan and will run through October 19. Argentinean business
people representing pharmaceuticals, textile and meat businesses have
arrived in Armenia to take part in it. The event was initiated by the
Armenian Development Agency (ADA) in cooperation with the embassy of
Argentina in Armenia.
According to the National Statistical Service of Armenia, Argentina
was the largest foreign investor in the Armenian real economy sector
in the first half of this year ($76 million), more than a ten times
increase from the year before. Moreover, FDI from Argentina increased
by 67.2 % to $8.2 million
The bulk of investments ($ 72.3 million) went to air transport,
$565,000 to construction and $3.3 million to crop production and
cattle breeding. -0-
- See more at:
http://arka.am/en/news/economy/some_76_million_argentinean_investments_injected_i nto_armenia_s_economy_this_year_deputy_economy_min/#sthash.WbaFwdC8.dpuf