RUSSIA IN FIRST PLACE BY AMOUNT OF INVESTMENTS MADE IN ARMENIA IN 2006

Noyan Tapan
Apr 05 2007

YEREVAN, APRIL 5, NOYAN TAPAN. In 2006, the foreign investment
inflow into the Armenian economy (including those through the state
governance system and the banking system) made 604.3 mln USD, which is
more by 18.9% compared with the previous year. The inflow of direct
investments made 305 mln USD (6.3% growth), of other investments –
289.6 mln USD (31.7% growth), of portfolio investments – 9.7 mln USD
(8.6fold growth).

According to the RA National Statistical Service, in 2006, the
outflow of financial resources from Armenia in the form of investments
(without interest and dividents paid and credits re-paid) amounted
to 27.9 mln USD.

In 2006, foreign investment inflow into the real sector of the
Armenian economy (without those through the state governance system
and the banking system) grew by 10.9% on the previous year and made
444 mln 120.4 thousand USD, with direct investments making 250 mln
727.5 thousand USD (2.6% growth).

The total amount of foreign investments in the real sector (without
privatization resources) grew by 24.8% in 2006 on 2005, the total
amount of direct investments – by 25.4%.

Russia was in first place by the amount of investments made in Armenia
in 2006 – 87 mln 454.1 thousand USD. The amount of investments from
Russia increased 1.3fold compared with 2005 whwn Russia was in third
place by the amount of investments in Armenia. By results of 2006,
Lebanon is in second place by this index (64 mln 753.8 thousand USD –
3.7% growth), and Argentine – in third place (62 mln 603.5 thousand
USD – 5.6fold growth).