OVER 400M DOLLARS INVESTED IN ARMENIA’S ECONOMY IN 2005

Mediamax news agency
6 Apr 06

Yerevan, 6 April: The volume of foreign investment in Armenia’s
economy made up 404.4m dollars in 2005, having increased by 32 per
cent as against 2004.

Deputy Trade and Economic Development Minister Tigran Davtyan said
today that the volume of direct investment in the economy totalled
244.4m dollars in 2005, Mediamax has reported.

The deputy minister expressed the hope that the volume of foreign
investment in Armenia would remain at the same level as in 2005 unless
it increased in 2006.

In 2005, 132.1m dollars were invested in communications, 97.5m dollars
in the mining industry, 53.3m dollars in metallurgy, 26.4m dollars
in food and beverage production.