LEBANON, RUSSIA, AND ARGENTINA MAKE BIGGEST INVESTMENTS INTO ARMENIAN ECONOMY’S REAL SECTOR IN JANUARY-JUNE, 2007

Noyan Tapan
Sep 4, 2007

YEREVAN, SEPTEMBER 4, NOYAN TAPAN. Lebanon is the leader in the total
amount of foreign investments made in Armenian economy’s real sector in
the first six months of the current year with 84m USD, which exceeded
the index of the same period of the previous year by 69.3%.

According to the data of the RA National Statistical Service, Russia
has made investments amounting to nearly 74m USD in that period, the
amount of which exceeded the index of January-June of the previous year
3.8-fold. The amount of Argentina’s investments makes more than 23.5m
USD in the first six months of the current year, increasing by 36.8%
against January-June of 2006. The next big investors and Cyprus, nearly
7.2m USD (increased two-fold), Virginian Islands, more than 6.8m USD
(no investments have been made by that country in the first six months
of 2006), France, nearly 10.5m USD (growth 2.3-fold), the U.S., nearly
11.3m USD (decreased by 24%), Germany, nearly 3.6m USD (decreased by
70.5%), and Great Britain, nearly 6.4m USD (growth five-fold).

Lebanon’s investments in the first six months of 2007 have been almost
completely done in the communication sphere. Russia’s investments in
that sphere amounted to nearly 38m USD, in the sphere of financial
brokerage nearly 8.2m USD, in the metallurgial industry nearly 16.1m
USD. 23m USD out of the investments made in Armenia by Argentina have
been made in the sphere of air transport and nearly 1.1m USD in the
spheres of auxiliary and additional transport activity.

Cyprus has made investments of nearly 4.8m USD in the sphere of
wholesale trade and trade through brokers, investments of nearly 2.4m
USD in the construction sphere. The investments made in Armenia by
Virginian Islands have been completely made in the spheres of hotel
and restaurant services.

10.1m USD out of the financial investments made by France have
been done in the sphere of production of foodstuffs, including
drinks. Nearly 4.3m USD out of the investments made by the U.S. have
been done in the spheres of activity connected with computing devices,
more than 1.9m USD researches and elaborations, 3.3m USD in rendering
"other kinds" of services to consumers.

The investments made by Germany have been done in the sphere of
Armenian mining industry, and those of Great Britain in the spheres
of financial brokerage (nearly 4.7m USD), production of equipment for
television and telecommunication (nearly 0.9m USD), and publishing
activity, as well as sphere of multiplication of disks containing
recorded information.