Switzerland was largest foreign investor in Armenia in first nine months of 2015

04.02.2016 16:24
Switzerland was largest foreign investor in Armenia in first nine months of 2015

YEREVAN, February 3. /ARKA/. Switzerland was the largest foreign investor in the Armenian economy in the first nine months of 2015, economy minister Karen Chshmarityan said today.

Speaking at a news conference, he said the net inflow of foreign investments in January-September 2015 amounted to $296.7 million, exceeding the same period of the previous year by $80 million.
The minister specified that foreign direct investment in the first nine months of 2015 totaled $262.2 million, an increase of $38 million when compared to the first nine months of 2014.

In particular, Swiss investments in the first 9 months of 2015 grew by $82.4 million to $93.5 million, investments from Germany upped by $57.9 million to $62.3 million, investments from Luxembourg increased by $44.5 million to $59 million, investments from Argentina rose by $24 million to $41 million, investments from the United Arab Emirates saw a zero growth totaling $21 million, investments from France grew by $17.5 million to $20.5 million and investments from the US increased by $16 million to $17.5 million.

Some $137.3 million of these investments were channeled into the mining sector, $78.1 million went to electricity, gas, steam and air conditioning sectors, $64.3 million went to manufacturing industry, $33.1 million were invested into wholesale and retail trade, $24 million went to information and communications sectors and $11 million to agriculture .- 0--


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