DYNAMICS OF FOREIGN INVESTMENT GROWTH IN ARMENIAN ECONOMY TO BE MAINTAINED
Noyan Tapan
Apr 06 2007
YEREVAN, APRIL 6, NOYAN TAPAN. The dynamics of foreign investments’
growth in the Armenian economy will be maintained and in 2007 it will
also represent a two-digit number. The Deputy Minister of Trade and
Economic Development Tigran Davtian made this forecast at the April
6 press conference. He substantiated his statement by the fact that
a number of foreign large-scale investment program are underway in
Armenia and new ones will be implemented.
The speaker noted that in 2006, the investment inflows into the
Armenian economy (including those through the state governance system
and the banking system) made 604.3 mln dollars, which is more by
18.9% than in the previous year. Investments in the real sector of
the economy made 444 mln dollars, exceeding by 10.9% the 2005 index.
In 2006, 135.1 mln USD of these investments were made in the
communication sector, 66 mln USD – in mining industry, 62.6 mln USD
– in air transport. 45.2 mln USD – in metallurgy, 20.2 mln USD in
production, storage and distribution of electricity, gas and water,
17.2 mln USD – in construction, 16.9 mln USD – in production of food
and drinks, 16.3 mln USD – in hotel, restaurant and recreational
services, 13.8 mln USD – in information technologies and research,
13.4 mln USD – in trade, and 12.1 mln USD in financial mediation
and insurance.