FOREIGN INVESTMENT IN ARMENIAN ECONOMY UP 12% IN H1

Interfax
Oct 12 2005

YEREVAN. Oct 12 (Interfax) – Foreign investment in the Armenian
economy in the first half of 2005 increased 11.6% year-on-year
to amount to $139.6 million, a source in the National Statistics
Committee told Interfax.

Foreign direct investment amounted to $78.9 million (up 4.5%),
including foreign direct investment in communications – 45.4%, in the
food industry – 15.5%, in air transport – 8.9%, in metallurgy – 7.1%
and in the construction sector – 4.7%.

The main foreign investor in the Armenian economy in the first half
was Greece – $58.3 million (up 40.3%). Lebanese investment amounted
to $23.2 million (up 14.3-fold), and Russian – $13.5 million (down
44.8%). Total U.S. investment in the Armenian economy in January-June
fell 38.5% year-on-year to $9.3 million, and investment from France
fell by 36.2%, to $8.8 million. rd

From: Emil Lazarian | Ararat NewsPress