Russia becomes Armenia's biggest investor in 2011

Dec 11, 2011 12:00 AM

Russia is the biggest investor in Armenia, according to data for the first 9 months of 2011.
Russian investments in Armenia in 2011 increased by 48.3 % and reached $ 283.8 mm, while direct investments increased by 80.4 %, reaching $ 267.3 mm compared with the same period in 2010.

Russian investment covers 48.4 % of total foreign investments and 57.8 % of direct investments.
24.8 % of investments ($ 145.4 mm) were spent in metal production, 11.9 % ($ 69.7 mm) in the electricity, gas, water and steam sectors, 5.7 % ($ 33.4 mm) in communications.

Armenia received some $ 586.7 mm of investments in the first nine months of 2011, $ 462.5 mm of them were investments in the real sector.

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