IN 2004, ARMENIA MAKES INVESTMENTS OF 135.9 MLN USD IN FOREIGN
COUNTRIES
YEREVAN, APRIL 1, NOYAN TAPAN. The amount of foreign investments made
in Armenia in 2004 grew 17.9% compared with 2003 and made 467.8 mln
dollars. According to the National Statistical Service, the direct
investments made 235.2 mln USD (a 49.6% growth), portfolio invetments
– 1.4 mln USD (a 6.6% growth), other investments – 231.2 mln USD (a
11.1% decline).
Last year, the outflow of financial resources from Armenia made 135.9
mln USD, including 91.7 mln USD as cash and deposits. In 2004, the
foreign investments in the real sector of Armenia’s economy (excluding
those received through the banking system and the state governance)
made 305 mln 550.8 thousand USD (a 33.1% growth compared with 2003
index), with direct investments making 226 mln 723.4 thousand USD (a
47.7% growth).
The main investments in the real sector were done by Greece ($75 mln
70 thousand), Russia ($67 mln 204.6 mln), France ($32 mln 180.5
thousand), Germany ($38 mln 705.9 thousand), Argentina ($30 mln 401
thousand) and the US ($24 mln 97.5 thousand).