RUSSIA AND LEBANON MAKE GREATEST AMOUNT OF INVESTMENTS IN REAL SECTOR OF ARMENIAN ECONOMY IN JANUARY-SEPTEMBER 2007
Noyan Tapan
Dec 04 2007
YEREVAN, DECEMBER 4, NOYAN TAPAN. In January-September 2007, Russia
was in first place by the total amount of foreign investments in
the real sector of the Armenian economy – 175 mln 905 thousand USD,
which exceeds 5.1fold the index of the same period of last year.
According to the RA National Statistical Service, Lebanon made
investments of about 134 mln USD in the indicated period, which exceeds
2.4fold the index of January-September 2006. Investments of Argentina
made 24.9 mln USD, declining by 47.1% as compared with the index of
the first nine months of 2006.
Other big investors in the Armenian economy were Cyprus – 12.7 mln
USD (2.1fold growth), the Virginian Islands – over 9 mln USD (no
investments were made in the first nine months of 2006), France –
13 mln USD (2.1fold growth), the U.S. – 21.3 mln USD (10.1% decline),
Germany – 20.4 mln USD (41.1% decline), Great Britain – 11.3 mln USD
(3.1fold growth), Australia – over 18.4 mln USD (no investments in
the first nine months of 2006).
Russia’s investments in the communication sector amounted to 45.1
mln USD, in mining industry – about 31 mln USD, in production and
distribution of electricity, gas, hot water and steam – about 53 mln
USD, in wholesale trade and trade via agents – over 3.7 mln USD, in
the service sector – over 22.6 mln USD, in the recreational sector –
8.5 mln USD, in provision of personal services – about 11.8 mln USD.
In January-September 2007, all investments of Lebanon were made in
the communication sector.
Argentina invested 23.4 mln USD in air transport, 1.4 mln USD in
auxiliary and additional transport activity. Cyprus made investments
of 4.8 mln USD in wholesale trade and trade via agents, 2.4 mln USD –
in the construction sector, and 5.5 mln USD – in mining industry.
The Virginian Islands made investments in hotel and restaurant services
(7.9 mln USD) and retail trade (1.1 mln USD). France’s investments
were made in production of food (including drinks) – 11.1 mln USD
and in collection, treatment and distribution of water – 1.9 mln USD.
7.2 mln USD out of the investments made by the U.S. were allocated
to computer engineering-related activity, about 2.8 mln USD – to
research and developments, 6.8 mln USD – for provision of "other
types" of services, and over 3 mln USD – for provision of hotel and
restaurant services.
Germany made investments in Armenia’s mining industry, Great Britain
– in production of radio, television and communication equipment
(1.1 mln USD), in publishing and printing activity (about 1,1 mln
USD), retail trade (4.1 mln USD) and the service sector (4.7 mln
USD). Australia’s investments were completely made in metal ore mining.