ArmInfo. According to the results of Q1 2017, net flow of foreign investment in Armenia increased by $ 10 million in annual terms, reaching $ 40 million, according to the Deputy Minister of Economic Development and Investments of Armenia Hovhannes Azizyan at a press conference on July 18.
At the same time, according to him, FDI inflow increased by 37.8% year-on-year to $ 194 million. Answering the question of ArmInfo, Azizyan noted that investments from Great Britain, Lebanon, Cyprus and Canada were directed to the mining sector, tourism, energy complex, IT sector and sphere Connection. In particular, he added that the total amount of Armenia's investments (including portfolio investments) by the end of the first quarter was $ 516 million, with an annual growth of 40%.
At the same time, according to Azizyan, in 2017 under the supervision of the Ministry, 66 investment programs worth $ 500 million will be monitored, the implementation of which provides for the creation of over 7,000 jobs. In particular, he added that as of July 1, an investment of $ 220 million has been attracted and 2,700 jobs have been created in the agricultural sector, mining, engineering / IT, textile, food and alcohol production, jewelry and pharmaceuticals.
