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Bulk of foreign investments in Armenia arrive from Canada, Russia, Switzerland and France

YEREVAN, July 23. /ARKA/. The bulk of foreign investments in Armenia in the first half of this year arrived from Canada, Russia, Switzerland and France, economy minister Tigran Davtyan said today.

He said Canadian investments amounted to  $43.7 million, Russian – to $27 million, the Swiss invested  $21.5 million and the French  $20.4 million.
The minister said the overall data for the first half was not available yet. He said the picture will clear only by September.

According to Arnstat, foreign investment in the real sector of Armenia in January-March 2012 contracted by 55.5%  compared to the same period of 2011 to $100.5 million (loans obtained by the government and banks not counted)  -0-

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Insurance market of Armenia is in embryonic state

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Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.

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Euro exchange rate plunges by 4.12 points to AMD 414.32

The average market exchange rate of the US dollar to the Armenian dram on January 29, 2024, amounted to 398.27 drams, down 0.09 points compared to January 27.

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