RA MINISTER OF TRADE AND ECONOMIC DEVELOPMENT: VOLUME OF TOTAL FOREIGN INVESTMENTS TO ARMENIAN ECONOMY IN 2006 TO GROW BY 20-25%

Yerevan, December 26. ArmInfo. The volume of total foreign investments
to Armenia’s economy in 2006 to grow by 20- 25% as compared with 2005
($504,5 mln in 2005), RA Minister of Trade and Economic Development,
Karen Chshmarityan, said at today’s press-conference.

According to him, the big investments in 2006 were attracted for
upgrading of the Yerevan "Zvartnots" airport, for telecommunications,
the metal mining industry and metallurgy, the information technologies
and electronics. He added it is expected to continue the investment
programs in 2007 for upgrading for "Zvartnots" airport, in the area of
telecommunications and the metal mining industry. It is also envisaged
to attract new investments to the "Nairit" plant. The minister reminded
that the volume of total foreign investments for 9 months, 2006,
made up $297,4 mln, $149 mln of which are direct foreign investments.