Armenian National Statistical Service said almost 30 percent of direct investments or $26.4 million, generated from privatization of different entities. This not counting the amount of direct investments from a year ago rose 16,3 percent and that of indirect investments grew 37.5 percent.
The biggest foreign investment in January-March, $67.1 million, came from Lebanon, followed by Russia with $32.6 million.
Some 65 percent of foreign investments in real sector of economy and 63 percent of direct investments went to the communication sector, 6.6 percent of direct investments went to aviation and 6.5 percent to food and beverage sectors. - Armenpress
Armenia's GDP grew 13.4 percent in 2006, the Armenian government's press office announced citing data from Economy Minister Karen Tchshmarityan's report. Meanwhile, experts had projected a 4.5-percent GDP growth in 2006.
According to the report, several economic indicators were up in Armenia in 2006. Hence, foreign trade soared 115.2 percent to some $3.198bn compared to 2005. Foreign investment surged 31.8 percent in the first nine months of 2006.
