LARGEST AMOUNTS OF INVESTMENTS IN ARMENIAN ECONOMY IN JANUARY-MARCH 2007 MADE BY LEBANON, RUSSIA AND ARGENTINA

Noyan Tapan
Jun 06 2007

YEREVAN, JUNE 6, NOYAN TAPAN. In terms of foreign investments made in
the real sector of the Armenian economy in the first quarter of 2007,
Lebanon was in first place – about 67 million USD, which exceeds
2.5fold the index of the same period of 2006.

According to the RA National Statistical Service, in the indicated
period Russia made investments of 32.7 mln USD, which exceeded 3.5fold
the respective index of last year. The investments made by Argentina
in the period under review amounted to 8.1 mln USD, declining by 4.7%
on January-March 2006. Among other big investors are Cyprus – 6.3 mln
USD (8.6fold growth), the Virginian Isles – 6.1 mln USD (no investments
in the first quarter of 2006), France – 5.3 mln USD (2.8fold growth),
the US – 4.9 mln USD (39.5% decline), Germany – 3.6 mln USD (70.5%
decline), and Great Britain – 1.4 mln USD (6.1fold growth).

In the first quarter of 2007, nearly all investments by Lebanon were
made in the communication sector. Russia’s investments in this sector
made 21.7 mln USD, in financial intermediation sector – 3.4 mln USD,
in metallurgy – 6.8 mln USD. Argentina invested 6.95 mln USD in
air transport, 1.1 mln USD – in auxiliary and additional transport
activities. Cyprus made investments of 5 mln USD in wholesale trade and
trade through mediators, 1.56 mln USD – in construction. The Virginian
Isles invested in the sphere of hotel and restaurant services. 4.85
mln USD of French investments was allocated to food industry, including
drink production. 2.1 USD of US investments was allocated to computer
engineering-related activities, 667 thousand USD – for research and
development, and 1.3 mln USD – for provision of other services to
consumers. Germany invested in Armenia’s mining industry, while Great
Britain – mainly in the financial intermediation sector (1.1 mln USD).