Foreign investments in Armenian economy’s real sector dwindle 39.4%

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Economy

04.09.2009, 00:31

The flow of foreign investments in the real sector of Armenian economy has dwindled 39.4% over the period between January and June 2009, compared with the same period of the previous year,.

YEREVAN, September 3. /ARKA/. The flow of foreign investments in the real sector of Armenian economy has dwindled 39.4% over the period between January and June 2009, compared with the same period of the previous year, to $312.2 million (excluding credits received by state-governing agencies and the banking sector), National Statistical Service of Armenia reports.

Direct investments shrank 30.1% to $246.4 million or 79% of total foreign investments for Jan-June 2009 against 68.5% a year earlier.

According to the statistical report, the greatest part of the outside investments - $144 million or 46.12% of total foreign investments or 52.39% of direct investments - targeted the communication sector.

Besides, $37.5 million or 15.21% of direct investments were sent to the areas of generating and distributing electric power, gas and hot water and $24.6 million or 9.97% to the construction sector.

Russia, France and the Netherlands were the largest investors in Armenian economy in Jan-June 2009.

Russia invested $100.2 million or 32.1% of total foreign investments, France $85.5 million or 27.4% and the Netherlands $39.9 million or 12.8%. M.V.-0--

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