Wednesday, December 5 2012 13:55
Foreign investments in economy of Armenia go on dropping
Arminfo. It is already for the third quarter that foreign investments in economy of Armenia go on dropping because of reduction of the investment inflow from the key creditor-countries: Russia, France, the USA, the Great Britain, Cyprus, the Virgin Islands, the Netherlands, Belgium and Denmark. According to Armenian National Statistics Service, decrease was fixed most of all on the investments from the Virgin Islands - by more than 60 times for 9 months of 2012 versus 9 months 2011. Then the Netherlands comes - by 89,7%, Denmark - by 78%, the Great Britain - by 74%, the USA - by 71,2%, Russia - by 71,1%, Belgium - by 56,7%, Cyprus - by 55,7%, France - by 55,2%. Russia and France are among the first 5 countries by the volume of direct investments - Russia ($82.1 mln, more than 65% of which Foreign Direct Investments (FDI) and France ($34.5 mln - all FDI). Russia fell from the first to the second position and France - from the second to the fifth position versus 9 months of 2011.
Against such a background, Canada goes on increasing investments in Armenia by 4,4 times and is the leader - $102.2 mln. Switzerland provided the biggest growth of investments among the creditor states of Armenia - by 5,1 times and found itself in the leading three with a volume $38.8 mln, 98% of which -DFI. Germany is the forth with a total volume of investments - $36.7 mln (all DFI), thanks to threefold growth versus the same period of 2011. Lebanon and Luxembourg provided more than twofold growth of investments.
In general, inflow of foreign investments in the economy of Armenia amounted to $391.1 mln for 9 months 2012, which is by 35,2% less versus the same period of 2011. In the structure of foreign investments the share of DFI was $221.3 mln, by 53,8% less versus 9 months of 2011. The investments from Italy, Slovenia, Austria, Ukraine, Kazakhstan and Syria were reduced to nothing. At the same time, Armenia started receiving investments from Finland ($4.7 mln fully directed to energy and gas supply sphere), from Seychelles ($3.1 mln - all DFI - to the agriculture sphere) and Iran ($0.5 thsd - all DFI - in the sphere of transport and storage).
The investments from Canada were fully directed to metal mining. The great majority of investments from Russia - $25.7 mln were directed to telecommunication sphere ( all DFI), $18.7 mln - to the energy and gas supply sphere, $23.7 mln - retail trade. The rest part of Russian investments were directed to the house building, ore mining, wholesale trade and scientific research. The third leader by the volume of investments, Switzerland, directed more than 90% of investments ($37.9 mln - DFI) to the mining industry, and the rest - to the wholesale trade. The investments from France were equally distributed in the sphere of telecommunications and production of drinks. Germany placed lion's share of investments in the mining industry, Argentina - in air transport and agriculture, Lebanon - in the sphere of telecommunications and food industry, Luxembourg - in production of drinks, Ireland - in technical activity, Seychelles - in agriculture and Iran - in the sphere of transport.
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