Russian investments to Armenia in January-March 2011 slash by 55.7%
24.06.2011,
01:58
Russian investments to Armenia in January-March 2011 slashed by 55.7% year-on-year to $23 million. Of that amount $14 million were direct investments which contracted by 67%, according to the numbers released today by the National Statistic Service.
YEREVAN, June 23. / ARKA /. Russian investments to Armenia in January-March 2011 slashed by 55.7% year-on-year to $23 million. Of that amount $14 million were direct investments which contracted by 67%, according to the numbers released today by the National Statistic Service.
According to the data, Russia accounted for 17.6% of total foreign investment in Armenian real sector and for 14.9% of direct investment.
In terms of total investments, as well as in terms of largest direct investments Russia ranked second after France, which invested $37.7 million in the reporting period of time.
Some 34.9% of Russian investments ($8.046 million) were channeled into the production and distribution of electricity, gas, hot water and steam, 24.8% into production of basic metals, ($5.721 million). Russian investments went also to telecommunications -18.9%- ($4.356 million) and construction -3.7%- ($853,000) The total volume of foreign investments in Armenia in January-March 2011 amounted to approximately $130.6 million, of which $93.7 million were direct investments in real sector. -0-
According to the data, Russia accounted for 17.6% of total foreign investment in Armenian real sector and for 14.9% of direct investment.
In terms of total investments, as well as in terms of largest direct investments Russia ranked second after France, which invested $37.7 million in the reporting period of time.
Some 34.9% of Russian investments ($8.046 million) were channeled into the production and distribution of electricity, gas, hot water and steam, 24.8% into production of basic metals, ($5.721 million). Russian investments went also to telecommunications -18.9%- ($4.356 million) and construction -3.7%- ($853,000) The total volume of foreign investments in Armenia in January-March 2011 amounted to approximately $130.6 million, of which $93.7 million were direct investments in real sector. -0-
