Foreign investments in Armenia in first quarter of 2022 exceed 26.9 billion drams

YEREVAN, July 7. /ARKA/. The amount of foreign investments in Armenia in the first quarter of 2022 amounted to over 26.9 billion drams, down from 76.9 billion drams in the same period of time in 2021, according to the National Statisticфд Committee (NSC).

Out of that amount some 22.5 billion drams were foreign direct investment (FDI), down from 34.9 billion drams recorded in the first quarter of 2021.

Russia was the largest foreign investor in Armenia accounting for about 19.9 billion drams (almost a 13 billion dram rise). Russian FDI were16 billion (about 11.4 billion dram increase).

Next by size of investments was Cyprus, which accounted for 6.4 billion drams, a decrease of 68.2 million drams from the first quarter of 2021. Cyprus' FDI amounted to 3.6 billion drams (a growth by about 1.3 billion drams).

France was third with about 4.9 billion drams of investments (growth of 6.9 billion drams), whereas its FDI amounted to 4.9 billion drams (growth of 6.9 billion drams).

The bulk of foreign investments in January-March 2022 were channeled into metal ore extraction (6.8 billion drams), electricity, gas, steam and conditioned air supply (5.2 billion drams), and air transportation (5.1 billion drams. ($1 - 409.38 drams). -0-