Mon, 21 July
23.1 C
Yerevan
USD: 383.74 RUB: 4.93 EUR: 450.05 GEL: 141.25 GBP: 521.81

Armenian direct investments in Georgia dropped by 52.8% last year to $5.6 million

YEREVAN, April 7. /ARKA/. Armenia’s direct investments in Georgia in 2016 amounted to $5.6 million, by $6.3 (52.8%) million down from the previous year, according to the National Statistics Service of Georgia.

According to Armenian statistics, aggregate Georgian investments in Armenia in 2016 amounted to 1.010 billion drams ($2 million), while direct investments totaled 133.7 million drams ($276,000).

According to Georgia’s statistics, with $578.3 million investments, Azerbaijan was the country’s largest foreign investor for the second consecutive year in 2016.

Direct investments from Turkey to Georgia last year amounted to $272.3 million, from Russia – to $22.5 million, $13 million worth investments came from Ukraine, $11 million from Iran. Overall, some $1.6 billion came in Georgia last year as foreign investments. -0-

spot_img

POPULAR

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

Euro falls by 1.14 drams against Armenian dram, as US dollar rises slightly

The average market exchange rate of the US dollar against the Armenian dram as of July 11, 2025, increased by 0.17 points compared to July 10 and amounted to 383.91 drams.

Armenian Market: Acceleration of Economic Activity is Positive for the Market

In the period from June 16 to June 30, 2025, the Armenian stock market demonstrated mixed dynamics.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

LATEST NEWS

spot_imgspot_imgspot_img