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FDI in Armenia's economy in 2023 amounted to about $350 mln

24.01.2024, 12:54
Armenian Economy Minister Vahan Kerobyan said in an interview with Armenia's Public TV earlier this week that the volume of foreign direct investment (FDI) in 2023 amounted to about a quarter of gross investments.
FDI in Armenia's economy in 2023 amounted to about $350 mln

YEREVAN, January 24. /ARKA/. Armenian Economy Minister Vahan Kerobyan said in an interview with Armenia's Public TV earlier this week that the volume of foreign direct investment (FDI) in 2023 amounted to about a quarter of gross investments.

He did not elaborate. Earlier, during a press conference on the results of his ministry's work in 2023, the minister said the volume of gross investments in 2023 amounted to $1.4 billion. Accordingly, the volume of foreign direct investment in 2023 was about $350 million.

"The growth of foreign direct investment was greater than the growth of gross investment, which means the growth of the investment-to-GDP ratio," the minister said, without giving specific figures.

At the same time, Kerobyan said the process was "helped" by the Central Bank's restraining policy, but "despite this, the volume of investments is growing and the structure of the economy is changing." -0-