FOREIGN INVESTMENTS IN 2005 TOTALED 500 M

Lragir.am
01 June 06

In 2005 foreign investments in Armenia totaled 500 million dollars,
stated Tigran Davtyan, Deputy Minister of Trade and Economic
Development, on June 1. He says that the total amount of investments
over the past 3-4 years was 1.5 billion dollars. On the whole,
investments have totaled 2 billion since 1991. This number does not
include various grants, including the Lincy Foundation grants, said
the deputy minister.

The share of Diasporans is 25-30 percent. At the same time, 60 percent
of investments are connected with the Diaspora, said Tigran Davtyan,
pointing out the Copper and Molybdenum Factory, Armenia International
Airports, Synopsis Armenia, etc.