Foreign Investmen’s Plunge in First Half of 2001

YEREVAN (Noyan Tapan)–During the first half of 2001–the volume of foreign investmen’s in the real sector of Armenia’s economy totaled $62.5 million–of which direct investmen’s were $51 million. Compared to the same period last year–this index decreased by 41.9 percent (the volume of direct investmen’s is 36.1 percent).

During the same period–48.6 percent of direct investmen’s ($24 million) were sums from privatization of organizations. There was a considerable growth of investmen’s from Russia ($28million)–Great Britain ($973 thousand)–Ireland ($736 thousand)–Lebanon ($548 thousand). There was a decrease in volumes of investmen’s from Greece ($1.9 million)–Luxembourg ($1.6 million)–Canada ($650 thousand)–and Iran ($207 thousand).

The bulk of investmen’s in the real sector (29.9 percent) and 39 percent of direct investmen’s were allocated to the energy–gas and water industries. Money allocated to reasearch and innovations totaled 23.3 percent of direct investmen’s–and 20.5 percent was allocated to construction.

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