Foreign investment in Armenia grows 22% in Q1

Interfax
03.06.2004
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Yerevan. June 2 (Interfax) – Foreign investment in Armenia grew
21.7% year-on-year to $41.8 million in the first quarter of 2004,
the National Statistics Service told Interfax.

Foreign direct investment (FDI) grew 74.5% to $27.9 million, the
service said.

Foreign investment in the real sector grew 26.3%. Foreign direct
investment in the real sector was up 89.7%.

During the quarter, 36.5% of the FDI went into the food industry,
27.1% into communications and 11.7% into transport.

Foreign investments in Armenia grew 5.6% to $229.6 million in 2003. FDI
grew 8.9% to $153 million.

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