{"id":42508,"date":"2012-10-17T15:59:20","date_gmt":"2012-10-17T15:59:20","guid":{"rendered":"https:\/\/armbanks.am\/2012\/10\/17\/236582\/"},"modified":"2024-12-15T13:00:01","modified_gmt":"2024-12-15T13:00:01","slug":"armenia-ranked-fifth-among-cis-countries-for-russian-direct-investments","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2012\/10\/17\/42508\/","title":{"rendered":"Armenia ranked fifth among CIS countries for Russian direct investments"},"content":{"rendered":"

YEREVAN, October 17. \/ ARKA \/<\/strong>. Armenia ranked fifth among CIS countries for the amount of Russian direct investments, according to \u201cThe Monitoring of Mutual Investments of the CIS\u201d posted on Eurasian Development Bank\u2019s website.<\/p>\n

The share of Russia\u2019s accumulated direct investments in total foreign investments in Armenia was 5.9% in late 2011, while Ukraine, Kazakhstan, Belarus and Uzbekistan accounted for 38%, 25.3%, 15.6% and 6.8% respectively.<\/p>\n

Armenia outdid Georgia (1.1%) and Azerbaijan (2.7%).
\nRussia, with its $366.2 billion, was the undisputable capital exporter in late 2011. Armenia\u2019s capital exports totaled $163 million. Its capital imports amounted to $5.04 billion \u2013 54.2% less than Georgia\u2019s and 55.3% less than Azerbaijan\u2019s.
\nFour direct foreign investment projects on CIS operated in Armenia at the end of 2011. Three of them cost about $3 million.<\/p>\n

Direct foreign investments in Armenia on four projects total $10 million. Georgia participates in eight projects ($410 million) and Azerbaijan in nine ($1.38 billion).
\nRussia\u2019s central bank says Armenia accounts for 8.6% ($180 million) of CIS countries\u2019 direct investments in Russia made over a period between 2007 and 2011. Georgia\u2019s share here is 0.5% ($10 million) and Azerbaijan\u2019s 15.3% ($320 million).<\/p>\n

The largest investor among CIS countries is Kazakhstan \u2013 its share is 53.6% ($1.12 billion).
\nThe largest Russian project in Armenia is the purchase of ArmenTel by Russia\u2019s VimpelCom in 2006 (investments amount to about $600 million).<\/p>\n

The bank has two branches and serves more than 30,000 individuals and two companies.
\nEurasian Development Bank was established by Russia and Kazakhstan in January 2006 to foster development of market economies of participant countries.
\nThe bank\u2019s authorized capital exceeds $1.5 billion.<\/p>\n

The EDB member countries are Russia, Kazakhstan, Armenia and Tajikistan. -0—-<\/p>\n","protected":false},"excerpt":{"rendered":"

Armenia ranked fifth among CIS countries for the amount of Russian direct investments<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15837,12278,15458,331],"class_list":["post-42508","post","type-post","status-publish","format-standard","category-economy-en","category-news","tag-armenia-2","tag-cis","tag-investments-2","tag-331"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t