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GERMAN INVESTMENTS IN ARMENIA REACH $840 MILLION
YEREVAN, October 13. / ARKA /. The overall German investments
into Armenian economy have reached a total of $840 million, Vahagn
Lalayan, head of an Armenian economy ministry's department in charge
of investment policy said today when speaking at the Armenian-German
business forum in Yerevan.
"Of this amount $118 million were invested in Armenia's real economy
sector in the first half of 2014. Of that amount about $22 million
were direct investment," said Lalayan.
According to him, the bulk of investments were challenged into mining,
textile and equipment manufacturing sectors.
Lalayan singled out major joint projects being implemented in Armenia
by Germany. They are Cronimet, the largest investor in Armenia's
Zangezur cooper and molybdenum combine, Elbat joint Armenian-German
company for production of batteries, Zeppelin dealer, Knauf and
many others.
The two-day Armenian-German business forum was started today. It is
the joint effort of the Armenian Development Agency and the German
Embassy in Armenia.
The forum has brought to Yerevan German businessmen representing
various areas of the industry - manufacturers of pumps and measuring
equipment, machine tools for the production of food packaging, energy
sector and production of agricultural machinery. -0--
http://arka.am/en/news/business/german_investments_in_armenia_reach_840_million/#sthash.1tpfB8cO.dpuf
YEREVAN, October 13. / ARKA /. The overall German investments
into Armenian economy have reached a total of $840 million, Vahagn
Lalayan, head of an Armenian economy ministry's department in charge
of investment policy said today when speaking at the Armenian-German
business forum in Yerevan.
"Of this amount $118 million were invested in Armenia's real economy
sector in the first half of 2014. Of that amount about $22 million
were direct investment," said Lalayan.
According to him, the bulk of investments were challenged into mining,
textile and equipment manufacturing sectors.
Lalayan singled out major joint projects being implemented in Armenia
by Germany. They are Cronimet, the largest investor in Armenia's
Zangezur cooper and molybdenum combine, Elbat joint Armenian-German
company for production of batteries, Zeppelin dealer, Knauf and
many others.
The two-day Armenian-German business forum was started today. It is
the joint effort of the Armenian Development Agency and the German
Embassy in Armenia.
The forum has brought to Yerevan German businessmen representing
various areas of the industry - manufacturers of pumps and measuring
equipment, machine tools for the production of food packaging, energy
sector and production of agricultural machinery. -0--
http://arka.am/en/news/business/german_investments_in_armenia_reach_840_million/#sthash.1tpfB8cO.dpuf