Tue, 30 September
11.1 C
Yerevan
USD: 382.75 RUB: 4.63 EUR: 448.54 GEL: 141.34 GBP: 513.96

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–

spot_img

POPULAR

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

Central Bank of Armenia initiates discussions on draft by-laws related to Law on Cryptoassets

The Central Bank of Armenia is set to conduct a public discussion on  the draft by-laws essential for implementing the Law on Cryptoassets, which became effective on July 4 of this year, as reported by the regulator's press service.

LATEST NEWS

spot_imgspot_imgspot_img