MORE THAN 10% OF INVESTMENTS IN ARMENIA FALL ON RUSSIA

SKRIN Market & Corporate News
September 5, 2006 Tuesday 1:18 PM GMT

Foreign investments into real sector of the Armenian economy totaled
$178.5mln in the first half of 2006, having increased by 27.9%,
comparing with analogous index of 2005, Cbonds said. As REGNUM was
informed at the Armenian National Statistic Service, direct investments
totaled about $86.3mln (9.2% increase). In first half of 2006, 33.1%
of direct investments were sent into communication sphere; 14.3% –
into minerals industry; 9.4% – into air transportation sphere.

Major investors into real sector of the Armenian economy are Lebanon
– $49.6mln (increase by 2.1 times), Greece – $37.9mln (decrease by
35%), Argentina – $17.2mln (increase by 3.7 times), Russia – $19.2mln
(increase by 41.9%), the USA – $14.8mln (increase by 59.2%), and
Germany – $12.1mln (increase by 63.1 times).