Foreign investment in Armenia’s real economy in six months slash by 34.7 % to $293 million
YEREVAN, September 2. / ARKA /. The total amount of foreign investment channeled into Armenia’s real economy sector in the first six months this year slashed by 34.7 % from the same time span last year to $293 million, the National Statistical Service said today. It said foreign direct investments (FDI) plunged by 64.2 percent to $118.1 million.
A sizeable portion of foreign investments – some $76.1 million- came from Argentina, a tenfold increase from the same time span last year. Moreover, Argentinean FDI fin the reporting period increased by 67.2 % to $ 8.2 million
By size of foreign investments Argentina was followed by Russia, Canada, Cyprus and France. Russian investments dropped by 4.6 times to $38.4 million, of which about $32.8 million were FDI (a 14.3% decline).
Canadian investments totaled some $36.5 million, those from Cyprus amounted to $ 35.7 million (an increase of 13.9 times), of which approximately $567,600 were direct investments. All French investments were direct investments totaling $28.9 million.
According to the National Statistical Service, some 24.6% of total foreign investment went to air transport and 33.37 % to telecommunications sector. ($ 1 – AMD 406.24). ---0---