INVESTMENTS IN JANUARY-JULY RISE TO $245 MILLION
ARMENPRESS
Aug 31, 2007
YEREVAN, AUGUST 31, ARMENPRESS: Investments in Armenia’s real sector
economy in January-July of 2008 rose 37 percent from a year ago to
almost $245 million, Armenia’s statistical service said today.
It said the figure does not include investments in the state-run
agencies and banking sectors. The amount of direct investments in
economy was said to rise 77 percent to $153 million.
According to the statistical service, 27 percent of all investments
or almost $41 million were proceeds generated from the sale of
enterprises.
Lebanon with $84 million was number 1 investor, followed by Russia
with $74 million. Investments from Argentina rose to $24 million.
Almost 48 percent of foreign investments and 57 percent of direct
investments into the real sector of economy went to communications
sector, 9 percent of direct investments went to air transport sector
and 8 percent to construction sector.