Wednesday, August 31 2011 17:12
Almost 50% of foreign investments in Armenia's economy ensured by Russia, and 30% - by France, the United States and Great Britain
ArmInfo. Over the first half of 2011, the inflow of foreign investments in Armenia's economy (including the state administration and credits obtained by the banking system) totalled $421.9 mln (28.8% annual growth). The National Statistical Service of Armenia told ArmInfo that direct foreign investments (DFI) made up $349.5 mln (the annual growth being 58.6%). Over Jan-June 2011 the biggest share of foreign investments (34.15% or $144 mln) and DFI (38.79% or $135.6 mln) fell on production of base metals. The sphere of communications ranks next - 17.17% or $72.4 mln foreign investments and 20.25% or $70.8 mln DFI. The share of foreign investments in electric power and gas supply made up 8.19% or $34.5 mln, and the share of DFI was 9.88% or $34.5 mln; the foreign investments in metal ore mining made up 5.56% or $23.5 mln, and DFI made up 2.67% or $9.3 mln. The foreign investments in the air service totaled 5.35% or $22.6 mln.
The top five countries by investments in Armenia are Ðîññè - $206.6 mln (76.8% annual growth), $193.7 of which being DFI (2.3-fold annual growth), France - $68.1 mln (the whole amount being DFI, 6.3% annual growth), the United States - $35.2 mln (2.8-fold annual growth), $19.5 mln of which being DFI (5.1-fold annual growth), Great Britain - $22.6 mln (8.5-fold annual growth), $3.9 mln of which being DFI (51.8% annual growth), and Germany - $13.2 mln (8.6% annual growth), of which $12.6 mln being DFI (12.3% annual decline).
Annual growth of the total investments in Armenia was demonstrated by seven countries: Russia (due to the DFI growth), the United States (due to the DFI growth), Great Britain, as well as Cyprus - 3.1 times (due to the DFI growth) to $10.8 mln, Canada - â 117.7 times to $14.3 mln, Italy - by 0.3% to $3.7 mln, Luxembourg - 2.7 times (mostly due to DFI) to $5.6 mln. Over the period under review investments from Virginian Islands ($9.3 mln, the whole amount being DFI), Syria - $2.6 mln (totally DFI), Switzerland - $6.4 mln ($0.3 mln - DFI), Denmark ($367.1 thsd - DFI), Ukraine - $35 thsd and Kazakhstan - $5.5 thsd. The investments from the Netherlands annually dropped by 97.4%, Austria - by 77.5%, Argentina - by 74.4%, and the investments from Hungary and Finland were completely suspended.
The investments from Russia mostly fell on energy and gas supply, production of base metals, telecommunications, as well as on housing construction, household activities, wholesale trade, property market, sport and leisure. The investments from France mostly fell on telecommunications and production of drinks. The whole amount of the investments from Italy fell on the property market, from Cyprus - on wholesale and retail trade, and leisure, from Canada - on metal ore mining, from Virginian Islands - on metal ore mining. Almost the whole amount of investments from Great Britain retail trade, and the rest - on production of beverages. Luxembourg directed its investments to production of beverages, the USA – to metallurgy, retail trade, construction sector, consulting and information services, computer technologies, financial mediation, insurance and scientific research. Almost the whole amount of investments from Germany fell on ore mining industry and surface mining.
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