DIRECT INVESTMENTS IN ARMENIAN ECONOMY GROW BY 34% IN 2007 AS COMPARED WITH PREVIOUS YEAR

Noyan Tapan
April 16, 2008

YEREVAN, APRIL 16, NOYAN TAPAN. The total amount of foreign investments
in the real sector of the Armenian economy (without sums received
through the state governance and banking systems) made 845 mln 377.3
thousand dollars, growing by 34.6% on the previous year. Out of the
indicated amount, direct investments made 582 mln 314.1 thousand
dollars, exceeding by 34% the 2006 index.

According to the RA National Statistical Service, in 2007, the
funds received from the privatization of resident organizations of
the Republic of Armenia to nonresident organizations made up 7%
or 40 mln 703.6 thousand dollars of the total amount of direct
investments. The amount of foreign investments in the real sector
(without privatization resources) grew by 33.9%, that of direct
investments – by 32.9% as compared with 2006.

Investments in the communication sector made up 30.9% of foreign
investments made in the real sector of the country’s economy and 25.7%
of direct investments in 2007. 38.3% of direct investments was made
in the production and distribution of electricity, gas, hot water and
steam, while 10.7% of direct investments was made in mining industry.