Foreign Investments In Jan.-Sept. Rise 32 Percent

FOREIGN INVESTMENTS IN JAN.-SEPT. RISE 32 PERCENT

Armenpress
Dec 21 2006

YEREVAN, DECEMBER 21, ARMENPRESS: Armenian national statistical service
(Armstat) said the volume of foreign investments in the country’s real
economy sector in January-September of 2006 (not counting investments
in the state management and banking sectors) rose almost 32 percent
from a year ago to $297.5 million.

Armstat said the volume of direct investments was $149.4 million, 8
percent up from a year ago. It said investments from Greece declined 34
percent to $44.8 million, investments from Russia declined 5 percent
to $34.4 million. Instead investments from Argentine grew 9 times to
$58 million, 2 times from Lebanon to $56.2 million.

Investments from the USA and Great Britain made $17.6 and $21.1
million respectively, up 42 and 15 percent. Investments came also
for the first time from China, Liechtenstein and Finland. Almost 34
percent of foreign and 23.7 percent of direct investments went to
the communications sector, 23 percent of direct investments went to
the mining and 16.4 percent to aviation sectors.