Friday, September 8 2017 14:53
Karine Melikyan

In Q1 2017 foreign investments in the volume of $ 1 billion were received to the real sector of Armenian economy with annual growth of 36.6%

In Q1 2017 foreign investments in the volume of $ 1 billion were  received to the real sector of Armenian economy  with annual growth  of 36.6%

ArmInfo. In Q1 2017, foreign  investments in the volume of the order of more than $ 1.024 billion  came to the real sector of the economy of Armenia. The growth was  36.6% year-on-year. Of these, almost $ 328 million came in the form  of FDI (with an annual growth of 26.3%). As explained by ArmInfo in  the Ministry of Economic Development and Investments of the Republic  of Armenia, $ 516.7 million (including FDI - $ 194 million) was  received in the first quarter, and $ 507.7 million in the second  quarter (including $ 133.9 million in FDI).

The Ministry, based on the trends of previous years and actual growth  data in the third and fourth quarters of 2016 and the trends of  previous years, suggests that in the same periods of 2017, due to the  seasonal activity of companies, an increase in the inflow of foreign  investment will also be recorded.

Nevertheless, the net flow of general foreign investment in the first  half of this year. ($ 65.3 million) and Cyprus ($ 13.7 million), as  well as the United Arab Emirates ($ 1.1 million), Hungary ($ 806.3  thousand) and Cuba ($ 729 thousand), and large negative volumes in  France ($ 15.1 million), Canada ($ 11 million), Germany ($ 8.9  million) and the Netherlands ($ 8.5 million). In terms of FDI, large  positive net investments were recorded in Jersey ($ 65.3 million),  Germany ($ 15.7 million) and Great Britain ($ 3.4 million).

The bulk of the net flow of investments in the reporting period  drowned in the mining sector - $ 36 million, the real estate market -  $ 7.9 million, water supply and waste management - $ 7 million,  recreation - $ 2.5 million, and in terms of FDI, the dominant volume  accounted for wholesale and retail trade - $ 3.2 million.  Large  repayments in this period were recorded for the production of  beverages (France), telecommunications (Lebanon), energy (Russia),  and it was in these sectors of the company, in order to avoid the  accumulation of losses due to subjects in recent years, others  attracted foreign investment, which is now underway, and maturity.  This indicates the solvency of companies, and it is possible that  after the repayments a new stage of attracting investments will  begin.

The gross volume of foreign investments received in the real sector  of the Armenian economy as of July 1, 2017 amounted to $ 13.98  billion, of which $ 7.636 billion - FDI. The championship is held by  Russia - $ 5.083 billion, followed by Germany - $ 1.505 billion,  Cyprus - $ 1.056 billion and France - $ 1.055 billion. 

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