Official statistics says total foreign investments in Armenia last year grew by 18 percent

Official statistics says total foreign investments in Armenia last year grew by 18 percent

YEREVAN, March 31. / ARKA /. Total foreign investment in the Armenian economy in 2013, including those received by the government and the banking sector, surged by 18.8 % from the previous year to $1.9 billion, according to the latest numbers, released today by the National Statistical Service (NSS).
It said foreign direct investment (FDI) plunged by 35.3 percent to $469.23 million from $725.18 million in 2012, while portfolio investment increased by 356 times to $694.5 million. Other investments were said to have decreased by 14.3% to $777.33 million

Foreign investments in the real sector of the economy fell by 20.5 percent in 2013 to $597.4 million, while foreign direct investment in the real sector declined by 52.2 % to $271.2 million.

According to the National Statistical Service’s data, the largest foreign investor was Argentina with $117.8 million invested in Armenia’s real economy sector, more than the double of 2012. Of that amount $2.6 million were foreign direct investment.

Argentina was followed by France and Russia. French investments in the real sector in 2013 shrank by 57 percent to $99.1 million (all was FDI).

Aggregate Russian investments last year dropped by almost 30 percent to $86.2 million, of which approximately $58.6 million were FDI (down 33.6%).

Cyprus’ investments last year in Armenia surged by almost 12 times from 2012 to about $76.5 million, including $602.4 million in FDI. Canadian investment shrank by 50 percent to $53.5 million.

According to the NSS ,  21.07 % or $125.8 million of total foreign investment last year in the real sector were channeled into the mining sector, 19.04% or $113.7 million into  the telecommunications sector and 18.24 % or $108 9 million into the  air transportation sector.

The bulk of FDI in the real sector was channeled into telecom sector - 41.70 %, 16.96 % of FDI went to real estate and 10.28% to the production of beverages. ($ 1 - 412.90 drams). -0-

14:45 31.03.2014

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