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EDUARDO EURNEKIAN IS ARMENIA'S LARGEST INVESTOR
August 31, 2013 | 01:23
YEREVAN. - The volume of foreign investments in Armenia in the first
half of 2013 comprised $293.1 million, showing a 34.7-percent decrease
as compared with the same period last year, National Statistical
Service said.
Argentina replaced France as the largest foreign investor in Armenia
with investments totaling $76 million. French investments fell about
nine times over the year due to reduced investments of Orange Armenia.
Meanwhile, Argentinean investments have increased 10 times thanks to
the projects of Eduardo Eurnekian. Most of Eurnekian's investments
focused on the development of air transport, less on agriculture
and construction.
In 2013, investment from Cyprus increased approximately 30 times. They
were aimed at the exploitation of deposits of metallic ores.
Russia is the leader in direct investments with $32 million this year.
Russian investments are more diversified, although a large
proportion falls on energy ($ 4.6 million), transport (10 million)
and telecommunications (15 million).
News from Armenia - NEWS.am
August 31, 2013 | 01:23
YEREVAN. - The volume of foreign investments in Armenia in the first
half of 2013 comprised $293.1 million, showing a 34.7-percent decrease
as compared with the same period last year, National Statistical
Service said.
Argentina replaced France as the largest foreign investor in Armenia
with investments totaling $76 million. French investments fell about
nine times over the year due to reduced investments of Orange Armenia.
Meanwhile, Argentinean investments have increased 10 times thanks to
the projects of Eduardo Eurnekian. Most of Eurnekian's investments
focused on the development of air transport, less on agriculture
and construction.
In 2013, investment from Cyprus increased approximately 30 times. They
were aimed at the exploitation of deposits of metallic ores.
Russia is the leader in direct investments with $32 million this year.
Russian investments are more diversified, although a large
proportion falls on energy ($ 4.6 million), transport (10 million)
and telecommunications (15 million).
News from Armenia - NEWS.am