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.