Foreign investments in Armenia slash 40% to $266 mln in 6 months –press digest

YEREVAN, September 4. /ARKA/. Foreign investments made in Armenia decreased by 40% to nearly $266 million in the fist half of this year from the same period a year earlier, according to the article published in Hayots Ashkharh newspaper (Armenian World) on Tuesday. 

At the same time, direct foreign investments slashed by 60% to $147 million within the reported period. Armenia reported such a significant drop in investments flow after the crisis, especially within the second quarter of this year. However, during the first three months of 2012 investment flow was higher than that of 2011. 

There are several reasons for investment activity slowdown in the second quarter. According to the article, election campaign may have influenced this process.

Even those countries who have been investing in Armenia actively, such as Russia, the United States and France, have slowed their dynamics. Particularly, Russia injected total $40 million against $206 million from as year earlier ( fall by 805). The investment flow from France tumbled three times, and from the USA- hit $7.7 million against $35 million from a year earlier.

Most of the investments are made in mining industry. Despite the drop in the investments, telecommunication sector is still the most attracting one for the investors. ($1-408.55). —0--