Negative Net Investment Position Of Armenia Grows By 38% Or 587.57 M

NEGATIVE NET INVESTMENT POSITION OF ARMENIA GROWS BY 38% OR 587.57 MILLION DOLLARS IN ONE YEAR

Noyan Tapan
April 21, 2008

YEREVAN, APRIL 21, NOYAN TAPAN. The net investment position of Armenia
was negative by 2 bln 133.98 mln USD in late December 2007, growing
by 38% or 587.57 mln USD as compared with late December 2006.

According to the RA National Statistical Service, the assets of Armenia
grew by 39.13% or 775.83 mln USD, while its liabilities increased by
38.63% or 1 bln 363.4 mln USD.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS