RUSSIA BIGGEST INVESTOR IN ARMENIA

The Messenger
April 6 2010
Georgia

In 2009 the overall volume of Russian investments in Armenia was
more than USD 500 million. Although this represents a 43% drop in
investments compared with 2008, Russia is still the biggest investor
in Armenia’s economy.

Russia’s investments are mainly in industry, electricity, gas, hot
water and hydropower distribution, transportation, communications
and so on. The total amount of foreign direct investment in Armenia
in 2009 was almost USD 1 billion.