25566
Armenia FDI Up
World Economy

Armenia FDI Up

Total foreign investments into the real sector of the Armenian economy (net flows resulting from the difference between the net inflows and outflows of foreign investment) in the first six months of 2015 amounted to 81.9 billion drams (about $171.5 million), an increase of 6% or 4.7 billion drams compared to the same period last year, according to a study conducted by the  economy ministry titled “Dynamics of Direct Foreign Investments in Armenia, the Region and the World,” Arka News Agency reported. However, net foreign direct investment in the first half amounted to 30.7 billion drams, a decline of 58% from the year before, according to the study. The reduction of FDI in the reporting period was due to the sale of its 20% share by the government in ArmRosGazprom (now Gazprom Armenia) national gas distribution company. The largest investors in Armenia during the period were: Germany–$23.2 million, Cyprus–$22.9 million,  UAE–$19.6 million, Virgin Islands–$17.7 million, Argentina–$16.3 million and Canada–$12.7 million.

 

Short URL : https://goo.gl/muaeyP
  1. https://goo.gl/oYUYHw
  • https://goo.gl/vS28bx
  • https://goo.gl/Gf0XVH
  • https://goo.gl/qqqy2m
  • https://goo.gl/707Ybp

You can also read ...

Bithumb Hacked, $32m in Cryptocurrency Stolen
Cryptocurrencies dropped after the second South Korean...
South Africa GDP Shrinks
South African gross domestic product shrank 2.2% in the first...
Saudi Arabia, which employs about two-thirds of its citizens, is chipping away at a budget deficit that ballooned to almost 16% of GDP after the oil shock of 2014, while FDI slumped more than 80% last year.
Show up, swipe in. The routine is familiar to office workers...
Washington in March imposed tariffs of 25% on steel and 10% on aluminum, in a move mainly aimed at curbing imports from China.
Russia said on Tuesday it would impose import duties on US...
Taxes in Italy Drive Economy Underground
Italy grew rapidly over the 20th century, and its black market...
European businesses say it has become harder to do  business in China over the past year.
European companies complain they still face a tough business...
Australian Telecom Co. to Axe 8,000 Jobs
Australia’s dominant telecommunications company Telstra...
South Korea to Grow 3 Percent
The Organization for Economic Cooperation and Development has...

Trending

Googleplus