Russian invests $2.8 billion in Armenia since 2009 July

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Economy

29.10.2010, 00:35

Russian trade representative in Armenia, Alexander Zaitsev, said today Russian companies have invested a total of $2.8 billion in Armenia since 2009 July.

YEREVAN, October 28, /ARKA/. Russian trade representative in Armenia, Alexander Zaitsev, said today Russian companies have invested a total of $2.8 billion in Armenia since 2009 July.

Speaking to Armenian reporters after the official opening of the third annual Russian industrial exposition in Armenia- EXPO-RUSSIA ARMENIA.- he said investments rose by 16% in the first six months of this year. According to him, Russian investments in construction of a new nuclear power unit in Armenia will raise the figure to $5 billion.

There are about 1,400 companies in Armenia with Russian capital. Earlier Armenian prime minister Tigran Sarkisian said Russia accounted for sixty percent of all foreign investments in Armenia since it gained independence.

According to Armenian government data, Russian investments in Armenia in January-June 2010 rose to around $117 million, including $86 million of direct investments, which made 35.7% of all investments in the real sector of economy and 38.95% of all direct investments. Compared to the same period of time last year direct investments grew by 5.1%. -0-

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