The
volume of foreign investments in Armenia in the first half of 2013
comprised $293.1 million, showing a 34.7 percent decrease as compared
with the same period last year, National Statistical Service said.
Argentina
replaced France as the largest foreign investor in Armenia with
investments totaling $76 million. French investments fell about nine
times over the year due to reduced investments of Orange Armenia.
Meanwhile,
Argentinean investments have increased 10 times thanks to the projects
of Eduardo Eurnekian. Most of Eurnekian’s investments focused on the
development of air transportation, while the rest were allocated to agriculture and construction.
In
2013, investment from Cyprus increased approximately 30 times. They
were aimed at the exploitation of deposits of metallic ores.
Russia
is the leader in direct investments with $32 million this year. Russian
investments are more diversified, although a large proportion falls on
energy ($4.6 million), transportation (10 million), and telecommunications
(15 million).
News.am, August 31, 2013
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