First-half foreign investments inflow into Armenia up to 65%

First-half foreign investments inflow into Armenia up to 65%
29.08.2008, ARKA

Armenia’s National Statistical Service (NSS) reported $515.1mln of net inflow (without loans allotted by public management agencies and banks) into Armenia’s economy in the first half of 2008 – 65% year-on-year increase.
Direct investments were up 64.8% to $352.7mln, having the lion’s share (68.5%) in the first-half inflow of investments into Armenia (against 68.6% in the first half of 2007).
According to NSS, $221.8mln (43.1% of total investments, 62.9% of direct investments) was invested in electricity, gas, steam and water distribution sector. First-half investments in communications totaled $35.9mln (10.2% of total investments). Some $25mln was allocated in air transport (7.1%), NSS reported.
Armenia’s major investors in the first half were Russia ($386.7mln), Argentine ($28.2mln), Lebanon ($21.9mln) and the United States ($16.2mln). Z. Sh. –0—