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-