Wednesday, October 18 2017 18:44
Naira Badalian

For Q1 2017 Armenian economy real sector received foreign investments in extent of $1.024 bln

For Q1 2017 Armenian economy real sector received foreign investments  in extent of $1.024 bln

ArmInfo.In Q1 2017, foreign  investments totaled $ 1.024 billion to the real sector of the  Armenian economy. Including $ 328 million came in the form of FDI.  The growth compared with the same period in 2016, respectively,  amounted to 36.6% and 26.3%. Minister of Economic Development and  Investments of Armenia Suren Karayan informed on October 18 at a  meeting with journalists.

According to him, the share of foreign investors in the total  authorized capital of Armenian resident companies was 10%. However,  what part of the investment from their total amount was provided at  the expense of borrowed funds, the minister said it was difficult.

As Ministry of Economic Development and Investments previously  explained to ArmInfo, $ 516.7 million (including FDI - $ 194 million)  was received in Q1, and $ 507.7 million in the Q2 (including $ 133.9  million in FDI). 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 main 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.

The accumulated extent 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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