Armenian Ministry of Economy: total extent of foreign investments for April 1 2017 reached $516 mln with annual growth by 40%

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.