RUSSIA AND ARGENTINA MAKE LARGEST INVESTMENTS IN REAL
SECTOR OF ARMENIAN ECONOMY IN JANUARY-MARCH 2008
10-06-2008 17:00:00 | Armenia | Economy
YEREVAN, JUNE 10, NOYAN TAPAN. Russia was the leader by the
amount of foreign invetsments in the real sector of Armenian
economy in January-March 2008 - 109 mln 187.7 thousand USD,
which exceeded 3.3fold the index of the same period of 2007.
According to the RA National Statistical Service,
investments of Argentina amounted to 15 mln 345.2 thousand USD
in the first three months of 2008, growing by 90.2% as compared
with January-March 2007.
Among other big investors in the real sector of the
Armenian economy were Cyprus - 1 mln 762.8 thousand USD (70.1%
decline), France - 4 mln 957.7 thousand USD (5.9% decline), the
U.S. - 10 mln 139.9 thousand USD (2.1fold growth), Germany - 6
mln 816.3 thousand USD (90.6% growth), Luxemburg - 4 mln 276
thousand USD (7.5fold growth), Liechtenstein - 9 mln USD (no
investments were made in the first three month of 2007), and
Australia - 2 mln 799.9 thousand USD (no investments in the
first three months of 2007).
Russia's investments in communication sector made 70 mln
853.2 thousand USD, in metallurgy - 7 mln 391.9 USD, in
production and distribution of power, gas, hot water and steam -
25 mln 89.3 USD, in provision of services of other types to
consumers - 2 mln 645 thousand USD, in recreational sector - 1
mln 396 thousand USD, and in provision of personal services - 1
mln 60.5 thousand USD.
Argentina's investments in air transport made 13 mln 996.4
thousand USD, in auxiliary transport activity - 1 mln 357.8
thousand USD. Cyprus made investments of 1 mln 679.1 thousand
USD in mining industry. France invested 4 mln 957 thousand USD
in food industry, including drink production.
The U.S. made investments of 4 mln 620.2 thousand USD in
computer engineering, 1 mln 640 thousand USD - in research and
developments, 3 mln 126.3 thousand USD - in hotel and restaurant
services.
The whole amount of Germany's investments - 6 mln 816.3
thousand USD was made in mining industry of Armenia. Australia
made investments of 2 mln 799.9 thousand USD in metal ore
mining, Luxemburg invested 4 mln 276 thousand USD in food
industry, including drink production, and Liechtenstein made
investments of 9 mln USD in metallurgy.