RosBusinessConsulting Database
April 6, 2006 Thursday

Foreign investment in Armenia grows

Foreign investment in Armenian economy (including investment made by
banks and state authorities) exceeded expectations in 2005, having
risen by 8.3 percent to USD504.5m compared to 2004. All planned
investment programs were fully implemented, Armenian Deputy Economy
Minister Tigran Davtian told journalists today.

The real economy sector saw a 31-percent increase in investment
(excluding loans from the banks and state authorities) that reached
USD400.4m. Direct investment totaled USD244.4m in 2005, which is 8
percent more than in 2004, the Deputy Minister said. “This sector
ensures growth of all economic indicators, GDP and prospective
exports,” he underscored.

Davtian noted that starting from 1991 total investment in Armenia
reached USD2bn, direct investment accounting for USD1.5bn. He thinks
that the inflow of foreign capital contributes to the country’s
dynamic and stable economic development, ARKA News Agency reports.