DIRECT INVESTMENTS IN ARMENIAN ECONOMY GROW BY 34% IN 2007
AS COMPARED WITH PREVIOUS YEAR
16-04-2008 15:05:00 | Armenia | Economy
YEREVAN, APRIL 16, NOYAN TAPAN. The total amount of foreign
investments in the real sector of the Armenian economy (without
sums received through the state governance and banking systems)
made 845 mln 377.3 thousand dollars, growing by 34.6% on the
previous year. Out of the indicated amount, direct investments
made 582 mln 314.1 thousand dollars, exceeding by 34% the 2006
index.
According to the RA National Statistical Service, in 2007,
the funds received from the privatization of resident
organizations of the Republic of Armenia to nonresident
organizations made up 7% or 40 mln 703.6 thousand dollars of the
total amount of direct investments. The amount of foreign
investments in the real sector (without privatization resources)
grew by 33.9%, that of direct investments - by 32.9% as compared
with 2006.
Investments in the communication sector made up 30.9% of
foreign investments made in the real sector of the country's
economy and 25.7% of direct investments in 2007. 38.3% of direct
investments was made in the production and distribution of
electricity, gas, hot water and steam, while 10.7% of direct
investments was made in mining industry.