Pan Armenian News

OVER $300 MILLION INVESTED IN ARMENIAN ECONOMY IN 2004

12.04.2005 05:56

/PanARMENIAN.Net/ In 2004 the volume of foreign investment in the economy of
Armenia made $305.5 million, exceeding the last year’s index 33.2%. In the
words of Deputy Minister of Trade and Economic Development of Armenia Tigran
Davtian, the volume of direct investment increased 47.7%, making $226.7
million in 2004. Greece takes the first place in the range of countries
investing in the economy of Armenia – $85 million, Russia is the second –
$67 million, Germany is the third – $32 million, Argentina is the fourth –
$30 million and the U.S. is the fifth – $24 million.